BTC/USDT possible movement for the week

2023年1月30日

Hey Traders!

Let's kick off this day with another Bitcoin analysis. Well this week we are going to concentrate more on those two yellow zones which have formed some sort of sideways path for us. In addition to all that wee see also a possibility of H&S pattern forming here.

Well what do we think?
RSI and BB indicators are ready for a correctional movement or even a bearish movement. In addition to that we see that price had reached that upper side of sideways path which is another sign for good possibility for a correction here. So we are waiting for BTC to show some more upper movement towards $24700 where we are going to wait for short squeeze - after what we are going to look for some short positions as well.

Here we need to look closely into that upper zone of that sideways movement as breaking it would result the price going towards that upper blue line.

What do you think guys?

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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.