Bitcoin (BTC): Waiting For Re-Test of ATH This Week

12 mag

Bitcoin still holds current zones pretty well, where, with a possibility of a bloody start to the week, buyers still show dominance, pushing the price to the ATH area.

Now, despite that we are looking for the upward movement here, we are starting also to see small but strong sell-side moves (candles with strong bodies), so we are looking for the ATH to be touched and then we are expecting to see proper sell-side movement, where we want to see the liquidity hunting to start!

Swallow Academy

12 mag

Nota

Bitcoin had a really strong breakout a few days ago, which activated our buy entry area, where now we are aiming to see the ATH touched for a proper retest.

Now we are expecting the upward movement where we want to see the fight between buyers and sellers so huge volatility and liquidity hunting can be expected.

After that we want to see rejection and the movement to lower zones to fill the zones we have pointed out (major liquidity areas).

13 mag

Nota

Bitcoin had a small sign of weakness yesterday, where on smaller timeframes we formed a nice MSB and now we are retesting the broken zone. This would be an ideal shorting position BUT we are seeing the optimism on markets and we still aim for that ATH zone to be tested before seeing any kind of proper downward movement.

So we wait!

14 mag

Nota

We are seeing once again the buying volume after the recent selloff event we had (which was caused by tariff news). Now that we are seeing the overtake by buyers, we might get the momentum from here, which would lead the price towards the ATH area for a retest.

And as many already know, this will be the zone where we will expect some volatility and then proper correctional movement once again.

15 mag

Nota

We had another sell-off event during the Asian session, showing the demand in downward correctional movement. Despite us looking for entry to sell, we are not rushing in yet; we are waiting for the all-time high (ATH) to be retested before entering into a few short positions.

So we wait, and if we see further weakness (early drop), we will be re-looking into markets for proper MSB entry withhter stop-loss.

16 mag

Nota

This week we had rollercoaster movement, where we were moving up and down, hunting liquidity of the Bitcoin. With that being said, our game plan remains the same. As we enter the weekend markets, it would be ideal to form a bullish CME and touch the ATH area, where on the new weekly opening we would see a "bloody market."