Bitcoin(BTC): ETF Is Live = As We Told No Pump!!

Upon ETF life price of BTC has had an amazing drop where sellers (Bears) took over that
48K zone which led price back to as low as 46K
zone.

Currently, we are going to see most likely a test of $45K zone, depending on where we are going to look for a potential breakdown!

As ETF is now live, nothing changes—we still trade, we still short this one.

So waiting for the $45K zone and entering inside that tunnel we have there from here, we want a steep downward movement to start! - Let's see

Swallow Team

Comment:

The seller had a complete takeover here, resulting in a nice downward movement.

Comment:

Bitcoin rejected fully 48K and reclaimed $45K zone as well!! Our weeks-long game plan is working very perfectly, and the price is moving just as we have been predicting it to move.

With that being said, we have had, so far, 7% market price movement since the entry zone and 14% market price movement since the 48K zone, which we have been monitoring for quite some time.

With that being said, we also see that during Asian session, BTC stayed in the lower zones without any impulse to upper zones, which is good sign of further downward movement to come from here (maybe with small correction to upper zones)

As always, "buy the rumours, sell the news." - Ethereum ETF is next??

Comment:

The price of BTC seems to be getting weaker and weaker. The daily candle is nicely going already in red while trying to secure the weekly candle, which is also below 42K (potentially).

Trade active:

The price of BTC has had a massive breakdown and rejection of major zones at 48K and 45K.
The price is showing some recovery, which could push the price to the upper zone of $45K (for a small re-test).

Although this would be a small movement, we are still aiming here for further downward movement to the $34K zone, where the majority of the population is currently!

With that being said, we are also monitoring the $41,700 zone, which can be tested and broken, resulting in a continuation of downward movement without a re-test to the $45,000 zone!

Swallow Team

Comment:

A very quick update on BTC today: we are seeing further weakness upon reaching the end of the day here on January 18.

As mentioned previously, if we see a nice breakdown from that bullish trend (pink lines), we will see further downward movement here for sure (to fill FVG zone)

Trade active:

First FvG zone has been filled!!!