Bitcoin is hovering near the local ATH area for the third time already since the first touch, which happened in the middle of May.
As we are approaching this area again, we are looking for a potential breakout to happen from here, which would give us an opportunity for a long position until $120K, so what we are looking for is full dominance from buyers at the current region.
Buyers have to take control and secure that zone!
Swallow Academy
As we are approaching this area again, we are looking for a potential breakout to happen from here, which would give us an opportunity for a long position until $120K, so what we are looking for is full dominance from buyers at the current region.
Buyers have to take control and secure that zone!
Swallow Academy
Note
Bitcoin buyers have taken full control since bouncing from EMAs on the 2nd of July (where also our entry point was sitting last week).
Since then we have seen decent buyside dominance and we are looking for further pressure from buyers, which would result in a retest of the current ATH area, but keep in mind—we are in a very dangerous zone (near a new ATH where buyers are still showing dominance which is giving us a sign that this is not yet the full potential of the coin).
We are bullish as long as we are above the EMAs!
Note
Buyers are still holding strong where price is not showing any signs of weakness. With that being said, we are seeing the volume gathering near the current zone, which might result in a breakout and a strong upwards movement.
A new ATH is coming; this has been seen already once on the BTC, so it is just a repeat of history.
Note
Bitcoin is at ATH, where there is a high chance for a breakout and our next target of $120K to be reached from here.
People have euphoria for the new ATH; the money inflow is huge where whales are and have been stacking the BTC little by little.
Now with the new ATH, we have to remember there is no accurate way to predict potential resistance, so we have to base our bets on zones like $120K and $140K (round numbers).
Those 2 zones are our current targets!
Note
Markets are going crazy, people are in fear of missing out (FOMO) and we are just chilling; the price moved exactly like we needed it to move.
We are very close to our target of $120K,, where we might see some kind of strong rejection or even stronger bullish volume (we will have to reach this areaa before deciding our next gameplay).
What we see or aim at is $140K to be a local to for this bull run. After that we are expecting more of sideways movement and then a bigger correction to happen.
🚨 Authentic Traders
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⚡️ 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.
🚨 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.