Bitcoin (BTC): Gameplan Remains Same | Bullish Start of Week

kelmarin

Bitcoin is showing signs of recovery, where buyers are taking over the Monday lows and pushing prices to upper zones. Now that we see the recovery, we are back in play, expecting the price to reach the ATH area once again, where we will be looking then for $120K.

Swallow Academy

kelmarin

Nota

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.

15 jam lalu

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!