BTC/USDT major movement to happen soon!
Hey guys đź‘‹
Bitcoin Overview
On a 4hr chart we see that last three days have been sideways movement for BTC which lead the price to the end of triangle formation basically (Where there is pressure from Bears at resistance zone and also pressure from bulls at trend line.
Well first thing we see is that last that price is moving sideways and is under the pressure from both sides. This usually gives us a signs that soon there will be some major movement but where? So one thing we see here is that last try to breakdown from our trend which was failed and the price was back on trend (Bullish sign) + we have been 3 times on trend and currently is 4th which is usually a strong one as well.
Another one we see is that BB indicator still has some room to grow so there is good possibility for bullish movement soon to happen.
Of course there is a possibility of breaking that zone with massive sell off such as Michael Saylor's from MicroStrategy has been doing lately. Did you see that last BTC selloff he did?
What do you think guys - will we have Christmas like in 2017 (Bullish) or we will break that trend and continue the bearish trend which we are still at.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team đź”±
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Bitcoin Overview
On a 4hr chart we see that last three days have been sideways movement for BTC which lead the price to the end of triangle formation basically (Where there is pressure from Bears at resistance zone and also pressure from bulls at trend line.
Well first thing we see is that last that price is moving sideways and is under the pressure from both sides. This usually gives us a signs that soon there will be some major movement but where? So one thing we see here is that last try to breakdown from our trend which was failed and the price was back on trend (Bullish sign) + we have been 3 times on trend and currently is 4th which is usually a strong one as well.
Another one we see is that BB indicator still has some room to grow so there is good possibility for bullish movement soon to happen.
Of course there is a possibility of breaking that zone with massive sell off such as Michael Saylor's from MicroStrategy has been doing lately. Did you see that last BTC selloff he did?
What do you think guys - will we have Christmas like in 2017 (Bullish) or we will break that trend and continue the bearish trend which we are still at.
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team đź”±
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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