Short

Bitcoin(BTC): Entering Reaccumulation Phase (DROP???)

Updated

As we are over-expanding on Bitcoin, we also need to keep in mind that we have a really high chance of seeing the "reaccumulation" phase activate soon.

We are monitoring the charts and waiting for a bigger correction to happen before the next bullish market, so eyes open, everyone!!

Soon, we should see a really good buying opportunity.

Swallow Team

Note

What is waiting for us?

While markets are pushing and we have entered the "Extreme Greedy" market (source: Greed and Fear Index), we are monitoring for any potential sharp movement to happen (drop) or any last few short-squeezes!

Swallow Team

Note

Now that we are expanding further to the upper zones, we are more and more closer to repeating the history of previous pre-halving pushes.

With this or next week's candle (most likely this), we should see a good long wich on the upper side where the body of the candle will close in red, showing the further dominance of the bears and a full takeover as well.

As last week's weekly candle closed in red (the opening and closing prices were pretty close), the current one would act as a confirmation candle.

This liquidity movement is very big, and we see it to be driven purely by FOMO traders and enthusiasts who are seeing the "bull run" to be started.

We are still short and waiting for history to repeat itself. The signs are clear, so now all we have to do is wait.

P.S. In addition to that, the 2nd largest Bitcoin holder (Grayscale) has sold nearly 200K bitcoins, which means they know what we do not.

Note

We are back with bitcoin in weekly timeframe, where we have officially entered the "reaccumulation phase."

After the Halving, we been seeing some struggle near ATH zone, where we have had so far a good 20% market marketprice movement to lower zones.

Now we expect Bitcoin to trade within these ranges until mid-November or December, when we will be looking for the start of the bullish market!

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