BTC/USDT Time to long for us

Hey guys,

We are back with BTC overview.

We sow that BTC fails to break $18600 zone and is staying above this zone👀. For now we have decided to long the BTC to until our first target of $19900 after what we might witness a small pullback before completely taking over the EMA200 zone. What is the reason behind our decision you might ask?

Firstly - we see that major support is at 18.5K and another strong one is at 18.5K which we still have not touched since June
Secondly - by reaching 19.9K we are going to reach the lines of EMA50/100/200 which is major resistance at the moment
Thirdly - Failed to break several times the $18.5 line even with strong dumps.

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Yours Sincerely,

Swallow Team 🔱


Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.