Bloody Monday, as many call it, sellers are gaining dominance over the current area, which might send prices back as low as $105,900, where our middle line of BB is sitting.
As of now, we are expecting to see slight downward movement, and once near that middle line, we want to see some buyside volume to accumulate, as if we do not see it, then further movement to lower zones is our play here.
Swallow Academy
As of now, we are expecting to see slight downward movement, and once near that middle line, we want to see some buyside volume to accumulate, as if we do not see it, then further movement to lower zones is our play here.
Swallow Academy
Note
We are getting ready for another upward movement on Bitcoin, which we have marked as an area near $104K.
Ideal zone slightly below EMA where the order book has shown a decent amount of orders just sitting. This is the zone we will be looking for any kind of MSB to form with a proper breakout, which then would lead the price back to upper zones!
Note
Buyers have taken full control once again where we had a good bounce near our buy zone. As we approach the local resistance zone, we are expecting to see a proper breakout from here, which would then lead us to a new ATH (around $120,000).
Note
Bitcoin had an amazing start and bounce from our buy zone, where price has bounced properly and is now heading toward the local high area, which we intend to see broken.
So far the buyers keep the dominance momentum well, but we have to remember, during such times when we are approaching the ATH area, volatility is guaranteed, and so is the liquidity hunting in both ways.
Note
Bitcoin is getting ready to form a new all-time high (ATH), where after a slight rejection near the $110K area, buyers are back.
As we had recently broken the major resistance zone, and now we are seeing signs of a successful retest to occur as well, we are looking for proper volume to come in, which would then give us a possible BOS here; that's what we are looking for.
As soon as we form that BOS near $110K, we will be looking for another healthy bullish movement.
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Keep an eye on us and you will not regret it. 😉
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.