Bitcoin (BTC): Markets Bleeding / Bigger Picture Remains Same!

3 ก.พ.

What a liquidation hunting we just had on the weekends where Bitcoin basically dipped 8%, dragging altcoins down as well.

Well, nevertheless, as we are seeing that weakness is starting to kick in properly, our game plan remains the same on the bigger picture, the 75K, which we have been referring to as the "golden buy zone.".

Before that, we are not seeing any proper chances for a healthy bull run to continue so if you are a person who longs mostly, this would be the zone I would suggest you all to wait out!

Swallow Team

3 ก.พ.

บันทึก

Bitcoin has been wiping out a lot of liquidity from the markets where we reached one of our target zones of 92K.

Now realistically from here we should see some kind of smaller bounce maybe to $95-96K, where we then might see another rally to lower zones finally towards the major support zone.

Now this week we have to play very carefully, as there are multiple ways we can go:
- Either we push to upper zones and see rejection and move to lower zones
- Or we might see a further drop but then it won't be as low so we can expect some quick liquidity grabs on the way!

4 ก.พ.

บันทึก

Bitcoin has been killing it with volatility on the market.

After reaching our target of 92K, where the price bounced back up to fill the CME gap, we have seen ever since the dominance from sellers again.

We think that we have not yet formed the monthly low zone so we will definitely re-test at least one more time the zone 92K so we keep our attention there.

Now there is also another possibility of again re-testing the zone of CME, where we are not going to rush into decisions and will trade accordingly to what we will see near that CME!

Liquidation is now a regular thing if you use high leverage, so if you've been using it, DON'T.

6 วันที่ผ่านมา

บันทึก

With a lot of uncertainty in the markets right now, Bitcoin is suffering hard.

While Trump started the economic war, a lot of money has been taken away from markets as people are scared of what might come from here.

Our view has not changed; we are still looking for a re-test of the 92K zone but remember one thing: when everyone is scared, those are good times to buy some altcoins!

6 วันที่ผ่านมา

บันทึก

Bitcoin is still seeing some signs of weakness, which might lead it towards the 92K for a quick re-test... or not so quick.

Now our game plan is pretty simple; we wait for 92K to see who would dominate this zone, but something is telling us that we might actually break and markets will fall into "PANIC MODE.".

Anyways, our PLAN A is working out well so now we wait for the 92K. Be careful if you do trade right now!

4 วันที่ผ่านมา

บันทึก

We are seeing a surge of buying volume currently, which is leading the price of Bitcoin to re-test a local zone of EMAs.

As we are approaching the weekend's market, we might see some further movement to the 102K-ish zone after what we expect a rejection to happen, but if we see that by the new week, the price still remains near that zone, we might see a re-test of ATHs!

But as many of you know, we are still looking for more weakness in the markets!