Crypto Banter
  • ABOUT
  • CRYPTO SCHOOL
  • LIVE STREAMS
signal and trades bitcoin

BITCOIN BREAKOUT IMMINENT?!

Whales been accumulating Bitcoin for months, preparing for a breakout - could this pattern signal the next big move for Bitcoin and Crypto?

Sheldon The Sniper by Sheldon The Sniper
January 5, 2022
in Signals & Trades
Share on TwitterWhatsappShare on Facebook

BTC

Bitcoin has been accumulating for the past few weeks.
This is a simple understanding that retail is getting flushed out the market.
Bigger hands are buying up the dips and slowing down volume.
By slowing down volume this allows them to move the market with low liquidity as the order books are at a low.

Price has been going down last few days as well as the volume.
This is a bullish sign because it is showing that momentum is not matching with the price and indicates the move is fake.

However this is valid as long as we hold support trend line as this is the momentum we want to the market to keep.

We are also at the golden 0.618 fib ratio and this is always a good laddering zone on high time frame.

From here we would like BTC to make its way above the 55K area and this will give us a higher high and show a reversal of trend.

Bears are looking weak at this moment and bulls will soon look to reclaim trend.

Tags: BTC
Sheldon The Sniper

Sheldon The Sniper

Crypto Trader, TA Analyst,Educator: Daily Market updates & key educational tips No financial advice! I won’t ask for money.

  • Home
  • Live Stream
  • Community
  • Crypto School
  • Banter Capital
  • Crypto Banter
  • Our Ethics
  • Work with Us
  • Terms of Service
  • Privacy Policy
© 2022 Crypto Banter.
All Rights Reserved.
Sniper Trading School
Crypto School

© 2022 Crypto Banter. All Rights Reserved.

  • Home
  • Live Stream
  • Community
  • Crypto School
  • Banter Capital
  • Crypto Banter
  • Our Ethics
  • Work with Us
  • Terms Services
  • Privacy Policy

© 2022 Crypto Banter. All Rights Reserved.