Choppy weekends resulted in a bullish Monday. Once again, we are seeing strong buyside dominance at the start of the week, which is indicating a potential new ATH that we might be going for.
Now as the price is at the $119-120K zone, we are most likely going for a retest today of the current ATH, where we are going to look for some kind of breakout and upward movement.
Markets are on fire, so stay informed and do not FOMO—there will always be plenty of opportunities to gain something from markets, but to lose all it takes is just one stupid decision, so don't FOMO.
Swallow Academy
Now as the price is at the $119-120K zone, we are most likely going for a retest today of the current ATH, where we are going to look for some kind of breakout and upward movement.
Markets are on fire, so stay informed and do not FOMO—there will always be plenty of opportunities to gain something from markets, but to lose all it takes is just one stupid decision, so don't FOMO.
Swallow Academy
Note
After the recently formed ATH near the $123K zone, we have had a decent accumulation following after that, which stabilized the Bollinger Bands and RSI, giving us a new potential for another ATH to form from here.
Now our target was $120K, which we filled quickly; now it is the $140K zone mainly so we are keeping our attention there. We are keeping the bullish game plan as long as we are above the middle line of the Bollinger Bands (which currently is in a bullish trend). (That green line is the middle line, btw).
Note
Still bullish on Bitcoin, while we are seeing accumulation movement happening, we are still above the local neckline zone of $116K, which means as long as we are above that zone, we are going to look for buy entries.
We are expecting one more push to happen before we enter a proper correction, which will wipe out 90% of traders!
🚨 Authentic Traders
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Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.