Bitcoin(BTC): Looking For Breakdown Of $40K
Bitcoin is looking better than ever. Last week we had a nice downward movement, and the current week started with some sharp movement to lower zones towards that $40K zone.
As you all know, we have been looking at two major zones of $34K and $26K (which hold the most liquidity), which is more of a mid-term movement for us, but in the short-term we are looking for a clean breakdown of that $40K zone, which is basically the last zone to hold the price of BTC as of now.
Upon breaking this zone, we will see some deep downward movement to our major target zone!!
Swallow Team
As you all know, we have been looking at two major zones of $34K and $26K (which hold the most liquidity), which is more of a mid-term movement for us, but in the short-term we are looking for a clean breakdown of that $40K zone, which is basically the last zone to hold the price of BTC as of now.
Upon breaking this zone, we will see some deep downward movement to our major target zone!!
Swallow Team
Comment:
Day2
$40,000 has been broken like nothing; price had secured this zone (by bears) while also filling the first FVG zone and now going for a potential small re-test of that upper broken zone.
We are keeping an eye out for further downward movement!!! As we said earlier, the pre-halving push is bad 😉.
We are keeping an eye out for further downward movement!!! As we said earlier, the pre-halving push is bad 😉.
Comment:
Day3
After amazing movement on Bitcoin, we are seeing some kind of re-test happening in the upper zones (which is natural movement for coins)
We are looking and keeping our eyes open for a potential short-squeeze to happen (as a lot of liquidity is sitting up there in the $43K zone).
Overall, Target remains $34K.
We are looking and keeping our eyes open for a potential short-squeeze to happen (as a lot of liquidity is sitting up there in the $43K zone).
Overall, Target remains $34K.
Comment:
Day4
While Bitcoin had a smaller correction yesterday, it has tested that broken zone as of now (but there has been no significant movement there as of now).
We are still keeping an eye on that potential upper zone to be repaired (which means a breakout from a broken zone).
If everything plays out nicely, we will see a very nice downward movement, for sure!
Swallow Team
We are still keeping an eye on that potential upper zone to be repaired (which means a breakout from a broken zone).
If everything plays out nicely, we will see a very nice downward movement, for sure!
Swallow Team
Comment:
Day5
A little later than usual, but here we are with another daily update on BTC, and well, well, we see a nice short-squeeze happening about what we have been warning all of you about.
We are looking for the price to stay in that range for some time (or during the weekend) and then move back eventually to $40K and finally break down from it. Monitoring and keeping an eye on BTC and so should you all do 😉
We are looking for the price to stay in that range for some time (or during the weekend) and then move back eventually to $40K and finally break down from it. Monitoring and keeping an eye on BTC and so should you all do 😉
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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