Bitcoin (BTC): Successful Re-Test on Break of Structure Area

4 Ağu

Bitcoin is showing a good start at the beginning of the week, where we are seeing a successful retest happening, which again might send the price back into the accumulation zone and then the breakout we have been looking for.

So as long as we are above the retest zone of BOS, we are bullish; if we break it, then 101,000-104,000 is going to be our next target!

Swallow Academy

5 Ağu

Not

BTC is in a volatile position, where purely on a chart we can't really tell whether we might be heading up or down from here.

What we noticed, though, is the order books orders near lower zones, where buyers have set few buys, possibly hinting to potential bullish movement to happen.

So what to keep in mind here?
1) Keep an eye on that bearish CME gap, which might be filled and marked as smaller target for short
2) Before we see either a breakout from the 117K area or a breakdown from the $108K zone, we should not enter into any early trades here on the current timeframe.

6 Ağu

Not

Bitcoin had a smaller correction, which filled the local CME gap; after that, we are seeing a good chance for upside movement to happen.

Now we are keeping the same bullish game plan as we had before, as we are still far from the sell zone and as long as we are above the sell we are l are looking for a re-tet of upper resistance zone and ATH area.

7 Ağu

Not

Bitcoin looks good; after some struggle, the price is now pressuring the local resistance area. What we are looking for here is the breakout from the $116K zone, which then would open for us an opportunity to long the coin until the ATH zone of $123K.

8 Ağu

İşlem aktif

Bitcoin had a good rally, where after reaching the local resistance zone, we had the rejection, a smaller pullback.

The plan has not changed; we are looking for that breakout, which would lead us back into the sideways channel and potentially give us the retest of ATH!