XBTJanuary/2026
- -Risk-On Sentiment of High Risk asset.
Liquidity withdrawing from Cryptomarket !
Bitcoin is headed South after breaking down for the weekly bear flag formation post ATH retracment.
Second week of Swing Short position going great, Stop Loss is now set at break-even point (considering to set it in profit).
If a Weekly Double Bottom fails at 80K, down we go to Lower High's structure of wicks just below noted as liquidity,
a support-resistance zone as well the 69K ATH level support for #bitcoin.
That is a TP target of <50% while intending to ride it down to Accumulation Area or 1.618 retracement .
TRADE SAFE
NOTE THAT THIS IS NOT FINANCIAL ADVICE !
PLEASE DO YOUR OWN RESEARCH BEFORE PARTAKING ON ANY TRADING ACTIVITY BASED SOLY UPON THIS IDEA
Trade attivo
Pre-Entry setup
Nota
Bitcoin currently testing trendline resistance coming from the prior bear market lows
Nota
Bitcoin approaching 2021 ATH of 69K after breaking down below Support-Trendline like a knife slice through butter .
Is this the place for Bitcoin to experience some sort of relief rally after consecutive red weekly candles ?
Nota
BBTC/USD continues to slide South
Anticipation of Accumulation Area highly possible from here, based on the current Weekly Candle printing, the TP target is not far-fetched in short term (perhaps even wrong and possible lower prices, need to monitor geo-political activity on-going)
Pubblicazioni correlate
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.