Bitcoin has broken the threshold of $100K, which has been a major zone to be accomplished (6 Figure Price).
Now that we have reached this zone, which has been acting as a magnet with 4 failed attempts to break it fully, we have done it now, but what does it mean?
Well, major resistance has been tested and reached and now we are expecting to see a re-test, which we want to see fail and lead price back to $94K.
Once we see the price reach this zone, we will be looking for a proper MSB (market structure break), which would then result in the long-waited final correctional movement that we have been waiting for.
Now don't rush into trade as this setup needs more confirmations, so we wait 😉
Swallow Team
Now that we have reached this zone, which has been acting as a magnet with 4 failed attempts to break it fully, we have done it now, but what does it mean?
Well, major resistance has been tested and reached and now we are expecting to see a re-test, which we want to see fail and lead price back to $94K.
Once we see the price reach this zone, we will be looking for a proper MSB (market structure break), which would then result in the long-waited final correctional movement that we have been waiting for.
Now don't rush into trade as this setup needs more confirmations, so we wait 😉
Swallow Team
🚨 Some setups may not look logical if you’re new to our page. Years on charts build the habit of sensing psychological market direction. So far working :)
⚡️ Short-Term + Mid-Term Trades
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
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.
🚨 Some setups may not look logical if you’re new to our page. Years on charts build the habit of sensing psychological market direction. So far working :)
⚡️ Short-Term + Mid-Term Trades
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
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.