Bitcoin (BTC): Sellers Taking Control / Possible Drop Incoming!

4일 전

Daily timeframe showed us a good dominance from upper zones, where last time we mentioned that we were looking for a rejection from that resistance zone.

Now that sellers are showing dominance and price is almost back below resistance zone, we are looking for that blue line to be touched and broken in order to see a bigger movement to EMAs and then of course another liquidity grab on lower zones!

Swallow Team

3일 전

노트

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!

그저께

노트

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

어제

노트

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!!

10시간 전

노트

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 😉