Bitcoin(BTC): We Are Getting Ready For Dump!
Updated
New Week is here, and after a nice yearly closing, we see price has now made any significant attempts to secure 45K zone, which means that traders are not feeling anymore, so it is safe to push prices further as of now!
With that being said, we actually see a potential movement towards that $45-48K zone, but that would be the maximum where price could go. After that (or even from the current market price), we can see a very sharp liquidity sweet (long squeeze), which can lead the price to as low as 26K or even lower!
Swallow Team
With that being said, we actually see a potential movement towards that $45-48K zone, but that would be the maximum where price could go. After that (or even from the current market price), we can see a very sharp liquidity sweet (long squeeze), which can lead the price to as low as 26K or even lower!
Swallow Team
Note
Day1On the first day of the week, we are showing you the major FVG zones that are still are waiting to be filled (lowest being near 26K zone)
As for the major picture, we already told you guys that we are shorting the BTC coin and targets are near the 32K zone.
The major resistance has been holding strong for now, but we might see one last short squeeze before the downward movement, so be careful here for sure! Do not overleverage if you trade on your own!!
Note
Day2We are back with Bitcoin after seeing a nice breakout attempt from bulls near the 45K zone, which was the zone that held the price for almost 30 days below its lines!
With that being said, we are still seeing that lower zone to be grabbed, but as we are currently going under "short squeeze," we might see the price reach near 47K or something in that area. If the daily candle fails to secure that 45K zone, which is currently being broken but not secured, we will most likely see the beginning of the downward movement here!
Note
Day 3Third day of the week, and BTC is going to attempt another breakout here! With last daily candle closing below 45K zone, we did not get confirmation of a breakout from that resistance zone, which is good for sellers (and us as well)
But the new daily is already showing some strength, potentially going for another attempt to secure that zone!
What's also crossing our attention is that while it is going for another attempt, it is also pushing to stretch the Bollinger Bands, which, usually in combination with resistance, has been a good strong spot! The plan is still the same!
Note
Day 4We got what we came for!! We have a very nice rejection near the 45K zone, which shows demand for further movement to lower zoes.
Remember, the longer the tree grows, the harder it falls. We are still way too expanded and overbought on BTC, so keep your eyes open for potential further movement to lower zones!
The start looks promising, but we gotta be careful for any short-squeeze!
Note
Day 5Another rejection happened on Bitcoin. After the first Bitcoin dump we had this week, the price has gone for a smaller correctional movement, testing again upper zones and yet getting another rejection!
We are seeing that fear on the markets, and traders are getting ready for a bigger correction to lower zones!!
Be careful; prices have jumped in both directions!
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