Bitcoin (BTC): Market Structure Break + Successful Re-Test | Buy

לפני 4 ימים

After the deep downside trend we had on the Bitcoin, the price formed a decent market structure break (MSB), which reached the 100EMA and then went for a retest.

Now after the retest we are seeing a decent movement forming and price recovery happening, which can lead the price back to 100 EMA and then possibly break it as well.

Monday was bloody but the rest of the week should be green!

Swallow Academy

לפני 3 ימים

הערה

BTC reached and broke the 100EMA line, where price is in full control of buyers currently (with no signs of weakness so far).

One of our targets is being approached and now we're looking for further movement here to upper zones. So far, looking good.

שלשום

הערה

BTC is still holding the ground; after a recent push we had on the markets, the price is still holding the ground and not showing any signs of weakness.

Now that second day looks good. What we need is another BOS to form near the local high area, which then would give us further movement to upper zones.

אתמול

הערה

BTC did have a decent rally but during the Asian session, sellers took back the dominance and now the price is back at 100 EMA (for a quick retest).

We are not panicking; the game plan remains the same.

One thing that concerns us is the weekend that's ahead of us, as we might be seeing some volatile movements.