Bitcoin(BTC): Last Week Was Hella Fun = DUMPED!

We had some major grabs here last week of $45K and $48K. As we already mentioned in our early TA's, we are looking for some liquidity movement of "short squeeze" to happen towards those zones where we got.

Upon the "major news" that all people waited for, prices dumped back to as low as 42K , where the weekly candle had almost no bearish wick on the lower side, which showed the dominance of sellers.

With that being said, as of now, our game plan is working out nicely, and we are seeing more and more probabilities of a $34K zone being reached before Halving for sure!!

Our short position is still open with 10x leverage and is currently at 74% ROI

Comment:

Day1

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
36K zone at least.

Comment:

Day2

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:

Day3

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 that upper zones, we might see an early downward continuation of the movement. Eyes are open for sure here.

Many have been asking about "bullish movement." As of now, we are not seeing any good reason for bullish movement to happen!

Comment:

Day4

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)

Comment:

Day5

Bitcoin is still dropping and showing further weakness here, even on today's daily candle.

Yesterday we had a massive rejection, which led to a price close to $40,000 (which is the last support zone).

We see the surge in lower zones to be reached, so we are very close to seeing that good drop happen (for which we have been waiting and getting ready for some time now).