Bitcoin (BTC): Major Rejection On Weekly Candle!!

il y a 4 jours

Bitcoin showed us a good dominance of sellers near major resistance zone (where buyers failed to secure price on upper zones, resulting in a long wick).

As we are seeing first conformational signs here, we are now looking for yet another weekly candle (current one) to close in red with thicker body.

Once we see this confident movement, we will most likely start the major move on Bitcoin, so keep your attentions at this one!!!

Swallow Team

il y a 3 jours

Note

Bitcoin has made movement to our smaller CME gap (that we been aiming since the end of last week).

After 8% of marketprice movement, we filled that CME gap and now price has slightly bounced from 200EMA.

We have some more CME gaps on lower zones so keep an eye on them (ideally we need to see yet another touch to trend line here)

P.S. Be careful, as today and overall this week markets will be very volatile thanks to elections in the US!

avant-hier

Note

Bitcoin was at around $75,5K, which marks right now as a new ATH zone!!

Elections are over and the pro-crypto president has won (Trump), which is why we had this optimistic push as well, but will it last from here or what now?

Well, we are expecting this to be a "Buy the Rumour, Sell the News" scenario where optimism has ended as of now and now comes the real market moves.

We are expecting to see price fall from here (similar when ETF was released), which would normalise at least the RSI and bring back the coin for a couple of re-tests to lower zones.

Liquidity hunting is also one thing we all have to keep an eye on (as in lower zones there is plenty of liquidity to take out).

Volatile times are perfect for liquidity hunters, so keep your eyes wide open!!

Swallow Team

hier

Note

Bitcoin has formed a new ATH, which is as of now $76,450.

As price expands and we are trying to maintain this bullish momentum, we are already seeing some signs of weakness (every bullish candle gets suppressed by sellers).

Our gameplan has not changed, which means that we are looking for our trend to be touched again (which would reset the markets totally, which is again good for further bullish movement).

We are one step away from the actual start of the bull market, so keep your leverage small and stoploss tight. Stay safe!!

il y a 9 heures

Note

Bitcoin has formed another ATH price where we slowly have moved to further upper zones.

Now, to be honest, at this point we are seeing a lot of uncertainty in the markets, where price are now just hovering near ATH zone (both buyers and sellers are waiting and not attempting anything).

In those times it is perfect to have a liquidity hunt (as historically this can be said) and as we all know, we have a lot of liquidity lying around on lower zones.

This said, our gameplan is simple and still remains the same, We wait 😉