Bollingerbandstrategy
Bitcoin(BTC): Getting Weaker And WeakerBitcoin is still dropping and showing further weakness here, even on today's daily candle.
Yesterday we had a massive rejection, which led to a price close to $40,000 (which is the last support zone).
We see the surge in lower zones to be reached, so we are very close to seeing that good drop happen (for which we have been waiting and getting ready for some time now).
Swallow Team
Litecoin(LTC): Bullish Or Bearish??LTC is back on radat with another touch to upper 200EMA after that massive liquidity movement on to lower zones.
Despite the fact that we had a nice rejection (another) at EMA we are waiting for perfect setup to form in order for us get a good entry. What do you think? Will we see a breakout in the upper zones or a breakdown in the lower zones?
Polkadot(DOT): Bollinger Bands Middle Line Is RedMultiple rejection are happening on DOT coin but recently we had a really nice rejection from middle line of BB, which has been recently broken from that "bullish trend."
This might be a good start for a downward movement if we see the price glide below that middle line for some time now!
Swallow Team
Bitcoin(BTC): We Getting Ready For Another Drop!While Bitcoin has had some moody moves with a punch of quick up and down moves (on a smaller timeframe), we are seeing a nice small correction that has happened on Bitcoin, where currently we are again seeing weakness at the beginning of this day.
As we are back in our upward tunnel and yet we did not fully re-test those upper zones, we might see an early downward continuation of the movement. Eyes are open, for sure, here.
Many have been asking about the "bullish movement." As of now, we are not seeing any good reason for bullish movement to happen!
Ethereum(ETH): Will We Head Towards $3500 Soon? We are back with the ETH coin, where we see that after that major breakout near $2150 we had, a clean re-test price seems to be ready for another bullish movement sooner or later.
As we are getting closer to the close of the yearly candle price, it seems to act like a "calm before the storm," where the price is making minimal moves but still teasing both buyers and sellers.
We are looking at a bigger picture here for a potential bullish movement after breaking that upper resistance line (orange line). Once. we break and secure it we should be good for long-term movement towards $3500
Theta(THETA): EMAs Are Holding The Price!Theta has reached the zone of EMAs, which is holding the price back, or is it?
We have displayed here the major resistance and support zones and two possible scenarios to happen upon breaking out or breaking down from those EMAs.
What do you think? Which way will we go?
Swallow Team
Cosmos(ATOM): Which Way Do You Think Will We Go?ATOM has caught our attention here after having that nice bounce from EMAs and the middle line of BB.
We have displayed here multiple potential entries for this coin and target zones as well.
As of now, all we can do is wait for either upper resistance or lower support to be reached in order to see whether we can take on ATOM.
So where are we going? A/B/C/D?
Sandbox(SAND): Bounce To Upper Resistance?Sand had a nice breakout from EMAs, securing this zone perfectly!
We are looking here for a potential bullish bounce to the upper zones, which should be a sweet spot for a potential short position!
We are not going to enter currently with a position as it is still a little early (just recently we secured EMAs but still showing a weakness near that zone)
Waiting out for perfect setup and a potential bounce to upper zones here!
Swallow Team
Aave(AAVE): Reached The ResistanceAfter last time where we caught 18% of movement, the price of AAVE is now showing some strength where it is attempting to breakout from the upper resistance zone!!
As we are near this crucial zone, we are waiting for a clear sign of a breakout or rejection to happen from where we will be trading accordingly!!
We have displayed two possible positions that can be taken!!
Swallow Team
Tron (TRX): Rejected By 200 EMA + Bollinger BandsWe are looking at the TRX coin after seeing a very sharp rejection near 100/200 EMA and also on the upper side of Bollinger bands.
With that being said, after a nice breakdown of EMAs, we had one clean re-test, which was successful and seems to be pushing the price lower and lower.
We are looking for lower support to be reached one more time and potentially being broken as well!
Swallow Team
Doge Coin(DOGE): Breakdown After Breakdown?After an amazing liquidity movement to lower zones that DOGE coin has (which we also caught in our previous TAs), Price is getting ready for another movement to lower zones, it seems.
With market uncertainty, DOGE is struggling to maintain upper zones after that liquidation movement. We are keeping an eye on a potential breakdown here, which would also mean we will be going for lower zones here with DOGE coin!
Swallow Team
Bitcoin(BTC): Markets Are Extremely Greedy!! Be Careful!!The second day of the week started with some breakouts from $45K, which has been one struggle zone for many days already. Now that we have broken that zone and resulted in another big green candle (which lately has been common), we have entered into the "Extreme Greed" situation with the marekts!
Only based on that index can we assume that we will see a drop, but this is one good additional confirmation for us that we are going to see a nice potential downfall very soon!
Greed and Fear Index: Extremely Greedy / 76
Swallow Team
Ethereum(ETH): Time To Sell? Or Buy?After a magnificent breakout from resistance on a bigger timeframe, we are looking here for a potential "fakeout" to form, which would lead price back to lower zones.
On a smaller timeframe, it is not so clear if we will get the breakdown or not, but we are aiming here for this kind of movement!
Swallow Team
Ethereum(ETH): Smaller Timeframe = Lowkey Bearish We can see how respected that 200EMA has been, but with the last dump, we had a nice breakdown from there, and as of now, it has had some struggles to maintain this zone. If we do not see any clean recovery by the end of this week, we will see further movement to lower zones (potentially again re-testing this zone)
Swallow Team
Bitcoin(BTC): Liquidity Movement Has Started (We Still Shorting)Another rejection happened on Bitcoin. After the first Bitcoin dump we had this week, the price has gone for a smaller correctional movement, testing again upper zones and yet getting another rejection!
We are seeing that fear on the markets, and traders are getting ready for a bigger correction to lower zones!!
Be careful; prices have jumped in both directions!
Swallow Team
Bitcoin(BTC): We Are Getting Ready For Dump!New Week is here, and after a nice yearly closing, we see price has now made any significant attempts to secure $45K zone, which means that traders are not feeling anymore, so it is safe to push prices further as of now!
With that being said, we actually see a potential movement towards that $45-48K zone, but that would be the maximum where price could go. After that (or even from the current market price), we can see a very sharp liquidity sweet (long squeeze), which can lead the price to as low as $26K or even lower!
Swallow Team
Solana(SOL): Way Too Overbought???We're standing at a critical juncture. The price is currently challenging a resistance zone; a decisive close above this level could catalyze a significant surge towards higher zones. This resistance area has been a battleground in recent times, and a secure breach could shift market sentiment to a further bullish stance.
Conversely, failure to overcome this resistance, particularly with a weekly close below resistance, could signal an inability to maintain bullish momentum. In such a case, a downward trajectory towards the lower Fair Value Gap (FVG) zones may unfold, offering a reclamation opportunity for bears. This dual-scenario outlook underscores the importance of the upcoming weekly close, which will likely dictate the short- to medium-term trend for SOL.
Dogecoin(DOGE): Has reached Major Resistance / Rejection? DOGE is at a pivotal moment, as it confronts a significant resistance zone. After a substantial rally, the RSI is telling us that the market is overheating and entering overbought territory. This could indicate that a correction is near the corner.
We're watching for a decisive move; a sustained break above the resistance could signal continued bullish momentum, while a rejection might lead to a retracement towards the lower support levels at $0.08230 and potentially to $0.07535, which are our current targets as we stay below this resistance zone. As always, we'll look for confirmation in the price action and other indicators before making any moves.
Ripple(XRP): Will Take Some Time But That's What We SeeWe had a very sharp beginning to the week and a day, but we are aiming here for something like that movement.
We want to see more of a sideways movement and further breakdown from local support, resulting in a further movement to major support, of course!
Swallow Team
Chainlink(LINK): Potential Entries!LINK has caught our attention here with some nice potential entries in the upper zones.
As price has successfully exited that breakdown attempt near 200 EMA, we are now seeing a nice strength forming here with a good potential to see price reach a smaller upper resistance (which would be good entry spots for sell position)
Shiba Inu(SHIB): Multiple Good Entries To Long/ShortOur attention caught the SHIBA coin, which has amazing potential for some significant movement to happen soon! We pointed out most major zones here and potential scenarios to happen on this coin, and the rest is up to the coin to choose the direction.
What would be your entry point?
Swallow Team
Bitcoin(BTC): Did not secure $45K zoneThird day of the week, and BTC is going to attempt another breakout here! With last daily candle closing below $45K zone, we did not get confirmation of a breakout from that resistance zone, which is good for sellers (and us as well)
But the new daily is already showing some strength, potentially going for another attempt to secure that zone!
What's also crossing our attention is that while it is going for another attempt, it is also pushing to stretch the Bollinger Bands, which, usually in combination with resistance, has been a good strong spot! The plan is still the same!