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Bitcoin (BTC): Waiting For Final Confirmation!

On a daily timeframe we are waiting for that waiting zone to be broken fully and secured by sellers, where as of now we have been just testing the grounds there.

As soon as we see the break of this zone, we will be looking for a further movement to the final correctional movement.

This would be the most ideal setup and if we reach the lower zones near 200EMA, this would be 100% zone where we would buy everything on the way!!!

Swallow Team

註釋

After catching 14-15% of market price movement last week, we had since then made a successful re-test of that local resistance zone, and above that, we formed so far some kind of fakeout move (resulting in an ATH).

We are now looking for a possible break of previous low zones, which would send price back to even lover zones, so we wait!!

註釋

Bitcoin is re-testing a local resistance that has been tested multiple times and broken one time as well, where we formed a smaller fakeout zone.

Now that price has had a proper correctional movement, taking out a lot of liquidity on the market, price is testing once again the $100,000 zone, which means we might see some sharp and major moves happening very soon (considering the fact that year is about to end and we are near the major zone).

We have 3 ways to go from here; which one do you think we will be heading towards?

Plan A: Straight Break of Resistance / Re-Test of ATH
Plan B: Re-Test of 200EMA / Break of Resistance / Re-Test of ATH
Plan C: Sellers Take Over And Push Price Back Below 200EMA

註釋

Bitcoin has been rejected again from the uppe resistance zone, where sellers showed the dominance of this zone.

Buyers have been struggling to get back control over the $100,000 zone, where we expect to see a possible quick liquidity hinting to happen to both sides here, where at the end we should see a steep move to lower zones, which could lead to a final correction before a greater movement on the markets!!

We wait for sellers to take dominance near $93-94K so for now we just wait!

註釋

Bitcoin is still trading below the major resistance zone of $100,000, where upon approaching the new year, markets are pretty calm, almost like a scenario "calm before the storm.".

Those upcoming days will be very volatile so we would suggest to still stay away from the markets but overall we are expecting a liquidity sweep to happen, which would be the most logical move on the markets, and the majority of liquidity is lying on the lower side of the 200EMA so that's the place we are looking for the price to be reached!