Bitcoin(BTC): Struggle To Break $45K - Good Moment To DCA!
Updated
For the last 21 days, the price of BTC has been held back by that major resistance zone at 45K, which is giving us a small clue that the volume of buyers is decreasing, and with every new weekly candle, we see that they find it harder and harder to break that resistance.
With the amazing pre-halving pump markets have had so far, we see the dominance of BTC getting back on its feet (with the fact that yesterday's small drop resulted in some major moves on alt coins).
We are still seeing a nice breakdown happen to reclaim those major liquidity zones at 34K and 26K as well. Be safe and trade smart; this week will be hard on many traders for sure!
With the amazing pre-halving pump markets have had so far, we see the dominance of BTC getting back on its feet (with the fact that yesterday's small drop resulted in some major moves on alt coins).
We are still seeing a nice breakdown happen to reclaim those major liquidity zones at 34K and 26K as well. Be safe and trade smart; this week will be hard on many traders for sure!
Note
Day 1The second day has started with some sharp rejections near the upper resistance zone. With that nice rejection we have had, the price of BTC is also in the process of breaking the middle line of Bollinger bands, which has been holding strongly that bullish movement we have had for the last few months.
If price fully secures that middle line of Bollinger bands, we will see further movement to lower zones.
Note
Day 2The second day has started with some sharp rejections near the upper resistance zone. With that nice rejection we have had, the price of BTC is also in the process of breaking the middle line of Bollinger bands, which has been holding strongly that bullish movement we have had for the last few months.
If price fully secures that middle line of Bollinger bands, we will see further movement to lower zones.
Swallow Team
Note
Day 3 On the third day, we see price has had a really nice movement towards our trend zone and is holding it strong. Yesterday, the candle had a small bounce from the
42K zone (where our trend is lined for now), but today's candle is showing us further downward pressure.The next thing to seek is a potential breakdown of that trend, and from there, just start looking for move zones that can be broken. Our major target of 34K is getting closer and closer
Swallow Team
Note
Day 4 We see another attempt towards that upper resistance zone.
Never the less, we also sense demand in correction, where with every smaller push we are having, it is just not enough for a breakout of such a big resistance.
As you know, we have already opened a position on BTC Short, so the gameplan is still the same. We might see very sweet gains sooner or later.
FVGs are waiting to be filled.
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