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Relative Strength Index (RSI)

Bitcoin(BTC): Broken Trend (Drop Incoming)The first day of the week is already showing some surge to test that major $40K zone, which is the last zone that holds the price up as of now. Upon successfully breaking that zone and securing that $40K zone, we are not seeing any other support from there on, which means we are going to move to reclaim the FVG zones. Although the setup looks very good, we always have to wait for further confirmations (which in current state is the breakdown of $40K zone) Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
Bitcoin Bullish Outlook for January 2024INDEX:BTCUSD is currently inside its bullish channel. My target is $51k still the same as my previous outlook. RSI is showing exhaustion on the daily chart but i still expect it to hit the upper channel trendline first before a pullback. It is a one last push before a relief pullback. Hopefully when the price of Bitcoin drops, Ethereum and the rest of altcoin will still rise. That signals altseason because the money flows from bitcoin to altcoin.
INDEX:BTCUSDLong
by UnknownUnicorn25768508
Bitcoin(BTC): We Getting Ready For Another Drop!While Bitcoin has had some moody moves with a punch of quick up and down moves (on a smaller timeframe), we are seeing a nice small correction that has happened on Bitcoin, where currently we are again seeing weakness at the beginning of this day. As we are back in our upward tunnel and yet we did not fully re-test those upper zones, we might see an early downward continuation of the movement. Eyes are open, for sure, here. Many have been asking about the "bullish movement." As of now, we are not seeing any good reason for bullish movement to happen!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Ethereum(ETH): Will We Head Towards $3500 Soon? We are back with the ETH coin, where we see that after that major breakout near $2150 we had, a clean re-test price seems to be ready for another bullish movement sooner or later. As we are getting closer to the close of the yearly candle price, it seems to act like a "calm before the storm," where the price is making minimal moves but still teasing both buyers and sellers. We are looking at a bigger picture here for a potential bullish movement after breaking that upper resistance line (orange line). Once. we break and secure it we should be good for long-term movement towards $3500
Long
by SwallowAcademy
Bitcoin(BTC): We Had A Dump, Did You Sell Like We Did?The new week is here, and the first day is looking promising for bulls, but is it enough for a push?? Let's be honest here: prices were way to high and still are (pre-halving push is not good for BTC) We are seeing this as a nice start of downward movement here and we see almost zero to none chances of price reaching $50K as of now (but who knows, we might change our mind about it as we have to judge the coin in its current state) One point of interest for us is also the $45K zone, which might be re-tested one time before further movement, so eyes open at that zone. Overall, we are still seeing further movement to the FWB:36K zone at least.
BITSTAMP:BTCUSDShort
by SwallowAcademy
So far we are repeating 2019 Scenario!Mid-Cycle Top? So far we are repeating 2019 Scenario Same RSI overbought level🔻 Same rejection off the Major Resistance🔻 All I think we need to see a correction for 💰 $BTC. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
2
Bitcoin(BTC): Another Rejection At $45,000With the new weekly opening, we see another week (the last one) closing below the strong resistance zone at $45K. Resistance is holding strong, and the new weekly is showing yet further weakness. Sure, ETF news and rumours are putting some uncertainty into traders, but nevertheless, one thing is sure: wealthy people would benefit more from rejecting or postponing the ETF. With that being said, we are still looking for BTC to go into the liquidity grab zones. We personally are still short.
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Sandbox(SAND): Bounce To Upper Resistance?Sand had a nice breakout from EMAs, securing this zone perfectly! We are looking here for a potential bullish bounce to the upper zones, which should be a sweet spot for a potential short position! We are not going to enter currently with a position as it is still a little early (just recently we secured EMAs but still showing a weakness near that zone) Waiting out for perfect setup and a potential bounce to upper zones here! Swallow Team
Long
by SwallowAcademy
Doge Coin(DOGE): Breakdown After Breakdown?After an amazing liquidity movement to lower zones that DOGE coin has (which we also caught in our previous TAs), Price is getting ready for another movement to lower zones, it seems. With market uncertainty, DOGE is struggling to maintain upper zones after that liquidation movement. We are keeping an eye on a potential breakdown here, which would also mean we will be going for lower zones here with DOGE coin! Swallow Team
Short
by SwallowAcademy
Bitcoin(BTC): ETF Is Live...Will We Dump Or Pump?ETF is live, and billions of dollars have been going into the crypto trading markets!! Although this is a huge milestone for Bitcoin, we are not so optimistic for bullish markets to start yet! - Yes, we now have big institutions that can buy in on Rypto, but would they buy in on such a high price? With that being said, we are still seeing that downward possible movement to happen, which would go towards at least $34K zone (where majority of liquidity is currently at) Currently, fighting over the FWB:48K zone price is not seeing any strength to actually pursue that FWB:48K zone as of now. Let's see... Greed and Fear Index: Extremely Greedy / 76
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Bitcoin(BTC): Fake ETF Approval = Markets Dumped!Here we are touched nicely by that FWB:48K zone that we have been telling you about and also which activated for us the third and last entry on our short position. We are now looking to see no more further growth here and more downward movement, for sure! As we mentioned already, we see that fake news we had was like a small test run. People have seen an approval, yet markets dumped even before the confirmation of it being fake announcement. Traders are shorting and going by the rule of "Buy The Rumor, Sell The News." Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Litecoin(LTC): Can We See Another Drop?The LTC coin has caught our attention with some nice potential for history to be repeated! We are seeing how, after forming some bullish trends, we have been eventually breaking them from time to time. With that being said, we are seeing a similar outcome, where currently we had a breakdown and now we are entering the "sideways movement" phase. During that phase, multiple positions can be taken, but as of now, this is just raw material, as we need to see if we will form any clear trends here! Swallow Team
Short
by SwallowAcademy
4