Current price takes it down 36% to price target.
Closes the gap on the weekly.
Earnings at this specific time when things like yesterday happened on the big stocks.
And Snap going 30% up after going down big in the morning.
This move fits within the currently reality of price movements.
Even if we head up some 12% on the day and it's bullish, watch for the drop...
Not much to say here other than we're overextending to two MASSIVE resistance numbers, which break down into multiple short term resistance lines, which all occur in the marked zone. Unless gold decides to really take off because of the UFO's, then I'd say, the marked sell zone will be around a top.
How far does it fall? no clue, but trends and retracement...
41k is a massive resistance price target
meaning, it is likely to hit allowing exits at profit.
If it hits there is potential to see it bounce around even as high as 54k in a short term, but ultimately, at some point it will need to retest the lower end price targets.
If it were to do that sooner rather than later, it allows for a more natural growth in the...
As you can see BTC couldnt close above the weekly structure high and now it's making a SCOB confirmation .
if the price close blowe the 63100 in weekly timeframe then we could see 40K & 30K & 20K & 15K & and 12K
we have an extreme OB on 12K and if it drops to 12k we can buy to 74k again.
As we are over-expanding on Bitcoin, we also need to keep in mind that we have a really high chance of seeing the "reaccumulation" phase activate soon.
We are monitoring the charts and waiting for a bigger correction to happen before the next bullish market, so eyes open, everyone!!
Soon, we should see a really good buying opportunity.
Swallow Team
Evening fellas,
Mid term short idea.
I never liked BTC when it's just flirting with resistance, so to me it's worth the risk.
Gonna leave this chart as is and check in the future.
Trade thirsty my friends.
Bitcoin rejected fully FWB: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 FWB:48K zone, which we have been monitoring for...
Yeah now looks at me used to buy a opportunity I already confirm in fast analysis now look at my present target it that's cold baby price action is not with I am from get part 6 years I learned lots of things by my mistake no back support and no or got fathers and no teachers will teach me I learnt by mistake mistake mistake and also learning from mistakes and I...
Bitcoin's monthly timeframe reveals cautious growth as we approach the psychological $40K resistance zone. We still wait and want to see that the pre-halving period will show us some downward movement (historically, last time we had a similar setup, prices dropped 60% of the market price).
What we are going to do right now is monitor the price action near the...
Hello friends.
How are you today?
But first, it's NOT financial advice. it's just a scenario that belongs to me. and it shows what can I think about this movement.
Today I want to talk about the Dominance Tether.
As you can see, there is a valid channel because of the number of collisions with the ceiling and floor. and at this time, we are very close to the...
We've observed significant sell-offs, characterised by long wicks, which indicate selling pressure. The market appears to be bouncing, forming a series of broken zones, yet no significant movement to lower zones has happened!
As we navigate through this choppy terrain, we're keeping a close watch on the intersection of the Bollinger Bands' middle line and the...
The new week has started with a magnificent breakout (breaking the $40K zone without any significant resistance).
During the Asian trading hours, Bitcoin has had a breakout from the $40K zone and is currently aiming for the $41.5K zone. As many (including us) waited for some major rejection to happen near $40K, it came to the conclusion that we needed to wait for...
Bitcoin's been testing our patience at the $38K zone, but it's clear: the bears are itching to drag it down to lower support levels where every attempt to breakout from $38K has been surpassed (even strong liquidations). Now, with all eyes on the upcoming Halving in April 2024, we're on high alert for market maneuvers.
History's got a way of repeating itself, and...
When we examine the last 3 mismatches between the price and the Relative Strength Index, the view that emerges can give us an idea about the possible correction in the price.
You got to pump it up (16,000)
Don't you know? Pump it up
You got to pump it up
Don't you know? Pump it up
You got to pump it up (18,000)
Don't you know? Pump it up
You got to pump it up
Don't you know? Pump it up
You got to pump it up (22,000)
Don't you know? Pump it up
You got to pump it up
Don't you know? Pump it up
You got to pump it up (19,000)
Don't you...
Hello Guys.
How are you?
I hope you always be happy and successful
➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖
Today I want to give you an update on the movement of the Bitcoin
So, Let's go.
In my opinion, Bitcoin is done, Unless the price can stabilize above $38300 with a strong candle, preferably Marubozu with high volume (stay above 38300 for 2-3 days) the volume must confirm...
Hello guys.
How are you doing?
I hope you feel great and always be happy and successful.
today, I want to talk about Bitcoin. It's an update and the expectation about the movement in Bitcoin.
So, as I always said it's not financial advice. please just read and do based on your strategy.
So, Let's go into details.
➖➖➖➖➖➖➖➖➖➖➖
I drew this Fibonacci channel a...
Sure, there is upside to 1780 and it could keep climbing, but I think we're going to see it drop before that occurs. There is a support trend heading in the bearish direction
Then you have two really weak resistance lines developing on short term charts. Which makes me think it's about to see a drop off of those and then head to the bearish support trend.
...
