Bitcoin (BTC): Still Hovering Near ATH | Seems Weakening

30 Jun

Bitcoin is still hovering near the local ATH area, where sellers and buyers are fighting over the zone there.

There is nothing clear yet so we keep on monitoring, but we are seeing smaller signs of weakness, which indicate upcoming volatile movement as we are approaching the end of the month.

Now we will keep an eye on how sharp the monthly opening will be and based on that, we will trade. Our attentions are still at $120K for now.

Swallow Academy

30 Jun

Nota

Bloody Monday, as many call it, sellers are gaining dominance over the current area, which might send prices back as low as $105,900, where our middle line of BB is sitting.

As of now, we are expecting to see slight downward movement, and once near that middle line, we want to see some buyside volume to accumulate, as if we do not see it, then further movement to lower zones is our play here.

1 Jul

Nota

We are getting ready for another upward movement on Bitcoin, which we have marked as an area near $104K.

Ideal zone slightly below EMA where the order book has shown a decent amount of orders just sitting. This is the zone we will be looking for any kind of MSB to form with a proper breakout, which then would lead the price back to upper zones!

2 Jul

Nota

Buyers have taken full control once again where we had a good bounce near our buy zone. As we approach the local resistance zone, we are expecting to see a proper breakout from here, which would then lead us to a new ATH (around $120,000).

3 Jul

Nota

Bitcoin had an amazing start and bounce from our buy zone, where price has bounced properly and is now heading toward the local high area, which we intend to see broken.

So far the buyers keep the dominance momentum well, but we have to remember, during such times when we are approaching the ATH area, volatility is guaranteed, and so is the liquidity hunting in both ways.

4 Jul

Nota

Bitcoin is getting ready to form a new all-time high (ATH), where after a slight rejection near the $110K area, buyers are back.

As we had recently broken the major resistance zone, and now we are seeing signs of a successful retest to occur as well, we are looking for proper volume to come in, which would then give us a possible BOS here; that's what we are looking for.

As soon as we form that BOS near $110K, we will be looking for another healthy bullish movement.