Bitcoin(BTC): First Weakness In 60 Days = Liquidity Hunt Starts
Third Week: We are seeing a nice rejection happening near the $44,500 zone, where the last weekly candle closed with nice and good dominance from bears. With that being said, we are seeing the first weakness kick in since October 16th (2 months of straight green candles).
Now that the first weak link has accrued, we are seeing a nice start of downward movement, which can easily reclaim a lot of FVG zones on the lower timeframes, where also the majority of liquidity is!
The start is nice, so let's see if we can keep it up from this point!
Now that the first weak link has accrued, we are seeing a nice start of downward movement, which can easily reclaim a lot of FVG zones on the lower timeframes, where also the majority of liquidity is!
The start is nice, so let's see if we can keep it up from this point!
Comment:
Day 2
Since yesterday, we have been having a nice movement so far toward our major resistance zone, potentially fulfilling that re-test we have been waiting for!
We are aiming here to see the price hover near this zone and open a nice mid-term short position with some major targets and FVG zones to be filled during that movement we are looking for!
Swallow Team
Since yesterday, we have been having a nice movement so far toward our major resistance zone, potentially fulfilling that re-test we have been waiting for!
We are aiming here to see the price hover near this zone and open a nice mid-term short position with some major targets and FVG zones to be filled during that movement we are looking for!
Swallow Team
Comment:
Day 3
Yesterday we had a nice attempt to breakdown to lower zones, literally starting that downward movement, but price recovered pretty fast.
We are still heading for that upper $45K zone, where we are expecting some major movement to lower zones to happen!!
Yesterday we had a nice attempt to breakdown to lower zones, literally starting that downward movement, but price recovered pretty fast.
We are still heading for that upper $45K zone, where we are expecting some major movement to lower zones to happen!!
Comment:
Day4
Bitcoin has had a nice rally to the upper zones, for which we have been waiting for some time now. As the price approaches our major target, we are getting ready to short BTC (most likely DCA).
Our point of interest is also the
48K
zone, which can be taken as a quick liquidity movement, but the major target for us still remains the unclaimed $34K zone and the $26K zone as well. We are expecting very good returns on investment soon!
Bitcoin has had a nice rally to the upper zones, for which we have been waiting for some time now. As the price approaches our major target, we are getting ready to short BTC (most likely DCA).
Our point of interest is also the
48K
zone, which can be taken as a quick liquidity movement, but the major target for us still remains the unclaimed $34K zone and the $26K zone as well. We are expecting very good returns on investment soon!
Comment:
Day 5
With holidays just around the corner, the price of BTC is having hard times breaking that major $45K zone, which has been some kind of resistance for quite some time.
With that being said, we see a weakness in volume from buyers, which is also good for us as we are getting ready for a potential major correction to happen before the next bullish market cycle.
With holidays just around the corner, the price of BTC is having hard times breaking that major $45K zone, which has been some kind of resistance for quite some time.
With that being said, we see a weakness in volume from buyers, which is also good for us as we are getting ready for a potential major correction to happen before the next bullish market cycle.
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Bitcoin is showing some weakness at the start of the day, with the price heading back towards the $40K zone.
As our major target are those lower zones (in order to grab all the liquidity there), we are also looking at a potential re-test to the $45,000 zone before that final major drop! Eyes open for sure and not rushing much into "FOMO" mode of missing that potential nice drop!