Bitcoin (BTC): Buyers Back | Expecting To Re-Test The ATH

3 hari lalu

Bitcoin is showing good buyside dominance, which could lead the price to a new ATH. Last week Friday we formed a nice liquidity grab to lower zones, where after the weekend we are now seeing that buyside volume (where on smaller timeframes we formed proper BOS).

We are expecting to see a strong week.

Swallow Academy

kelmarin

Nota

Yes, markets are cooked....all those tensions and news that are pressuring markets from every corner might result in a very explosive movement.

Now we've been looking for a new ATH to form near $120K and we still keep that game plan as long as buyers keep the dominance above the 200EMA line.

There is not much we can do now but just speculate. Speculate that when the war between Russia and Ukraine happened, what markets did exactly was they dumped and then shot highly up (talking mainly about Bitcoin).

So we might see similar things in the markets depending on what will happen next in the world, but one thing is sure: some will make a lot of money soon and some will lose a lot. Be sure to have proper risk management, as this is crucial!

kelmarin

Nota

What's happening in the world is having a huge impact on Bitcoin, but the worst is to come...

Price is hovering near the 200EMA, where neither buyers nor sellers can establish proper dominance near that area so our "wait" game continues. We wait for proper confirmations of which side will take control of the 200EMA and once we see it, we will be trading according to that.

Overall, as long as we are above the 200EMA, we are still looking for the $120K area, but once there, we will be looking for a BIG dump.

15 jam lalu

Nota

Buyers are showing dominance near the 200EMA, which might lead the price to upper zones and give us a good bounce from here.

What we are expecting is some sort of sideways or neutral movement before the weekend hits, and during the weekend we are looking to see strong upside movement.