Bitcoin (BTC): Candles Showing Sellers Dominance

Jan 13

Despite being at the local support zone, Bitcoin is not showing any strong signs of buying volume but rather we see the pressure from sellers, which might result in a market structure break and we might see a bigger downward movement towards the next major support zone (which, btw, has not yet been re-tested and secured by buyers).

So that's exactly what we are looking for here 🤝

Swallow Team

Jan 14

Note

While markets had a nice little liquidity hunting going on yesterday, buyers did recover pretty quickly from there, where they now took back control of the local support zone (the bluish zone).

We are waiting to see the price near 100K, where we expect to see the final rejection and potential movement to happen below 90K but let's see, first we gotta see how markets will reach the 100K zone.

Jan 15

Note

Bitcoin has had a nice bounce from the local support zone, where we are halfway towards our target of $100,000 (or closer to that zone).

We are waiting for more clarity here and once we reach the upper zones, we are going to look for any signs of weakness from there, but if we do not see any, then possible movement to ATHs can happen so keep your attention on the resistance zone and a 30M timeframe would be best there to seek out any possible MSB or BoS (depending on who will show dominance).

Jan 16

Note

The price of Bitcoin seems to be topped at the local resistance zone (a small 7% movement that we caught).

Now we are seeing a decent rejection happening, which might reverse the price back to the local support zone and even break it this time so let's keep our attentions on the current zone for now and see who will dominate there!!!

Jan 17

Note

Buyers are showing strong dominance near the local resistance zone, where if they keep this kind of volume, we will see the price near ATHs (a quick liquidity movement).

Now this is all happening mostly thanks to Trump's inauguration, which is one of the major bullish news currently going on and people are biting down on it very hard!

BUT BE SAFE!
While markets seem all good and fun, this all seems a little bit off, almost like a "buy the rumor, sell the news" scenario.

Either way, the best thing to do right now is to just watch the markets and not rush into anything!