Bitcoin (BTC): All We Need Now Is Break of Structure

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Bitcoin is accumulating currently where price is heading most likely for a break of structure (Which would confirm our bullish gameplan). As soon as we see the breakout we will be looking for a long position right there!

Swallow Academy

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Catatan

The 100 EMA has been tested multiple times on BTC, yet buyers did not manage to fully secure this area. What we see is a continuation of attempts to break this zone completely and secure it, and as buyers are showing volume, we are looking for it to happen.

Setup looks decent; the zone of liquidity is our stop zone, where the major target is the 200 EMA as of now!

8 jam yang lalu

Catatan

BTC reached the 200 EMA mark, which is one of our targets for the current push we are expecting.

As expected, we had a smaller rejection near the 200 EMA, but that is normal. What we need now is another breakout (which might happen today once the FOMC meeting is over). So be careful; volatility can be guaranteed today!