Bulls are showing good dominance at the start of the day, where they are trying to form a full break of structure and break the smaller resistance (blue zone).
We are keeping a close eye on it, as if we see any rejection or weakening near this zone, we will look for the start of downward movement, but if we manage to break it, then the major resistance zone will be tested!!.
Never the less, the end game should see one good correction so for now it seems like a like a good time for DCA!
Swallow Team
We are keeping a close eye on it, as if we see any rejection or weakening near this zone, we will look for the start of downward movement, but if we manage to break it, then the major resistance zone will be tested!!.
Never the less, the end game should see one good correction so for now it seems like a like a good time for DCA!
Swallow Team
Nota
Price is back at resistance zone, where we are already seeing some kind of weakness hitting the marketprice.
As we are now in very important zone (between the resistance zone and ATH zone), we are looking at this zone as good DCA place, so eyes wide open and let's see how it goes from here 😉
Nota
Bitcoin has made a nice break from the local resistance zone where buyers are maintaining the zone so far, leaving the RSI in the overbought zone.
We are looking here for a possible move to the upper orange line after what we want to see: a steep movement to the lower zones.
So far everything goes by plan and we are now in wait for some sharp move or a liquidity movement to upper zones after what we want to see: a break of EMAs!
Nota
Sellers are showing good dominance currently where price is heading back for a re-test of broken zone.
We are looking here for a failed re-test and a sharp liquidity movement that would leave price back below that broken zone and possibly break also the EMAs here!
Nota
Bitcoin is still trading above our broken zone, which has not been re-tested.
While we did not see a re-test, we saw pressure from buyers, which might result in another BoS and a movement to the upper ATH zone.
As we have not re-tested the broken zone, this push, which might happen, would be weak in our opinion, so our gameplan has not changed! We want to see a re-test and a move back to lower zones happen sooner or later!
🚨 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
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
🚨 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
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.