We are still in the accumulation zone on the daily timeframe withBitcoin. What we are looking for here is a breakout from that accumulation zone, which, upon seeing a bullish breakout, we are going to long and that's what we are leaning towards.
Swallow Academy
Swallow Academy
Note
Bitcoin is back in the bullish zone, where we had a good bounce from $115K, where we had a huge order sitting and since then we have been seeing continuous movement to upper zones.
We are looking for further movement from here towards the ATH zone, where we then expect some huge volatility to occur!
Note
It's been a choppy week so far but BTC is still above the local support zone, which means we are still bullish and the bullish sentiment has not disappeared (for now, at least).
We wait for and mostly keep an eye on that middle line of BB (Bollinger Bands) for now. The order book is our friend currently as well with all those liquidity hunts taking place!
Note
Bitcoin recently had another wave of selling, where buyers once again showed their dominance near the local $116K zone and pushed the price of BTC back up.
We remain bullish, as we see the buyside dominance above the 116K area, so our target is still the current ATH; let's see.
Note
BTC had a really sharp start to the month, and we are back near $115K, which was a key zone for us last time (due to huge orders sitting there).
Now, we see a similar struggle like last time but not quite the same, as the 200EMA has aligned with the $115K area. We are now looking for any signs of MSB, as we think we might get a recovery from here.
Now if we do not recover right now (by the end of today), we are going to see a really deep downside movement during the weekend most likely!
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Keep an eye on us and you will not regret it. 😉
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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.
🚨 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.