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Overbought

Bitcoin(BTC): Struggle To Break $45K - Good Moment To DCA!For the last 21 days, the price of BTC has been held back by that major resistance zone at $45K, which is giving us a small clue that the volume of buyers is decreasing, and with every new weekly candle, we see that they find it harder and harder to break that resistance. With the amazing pre-halving pump markets have had so far, we see the dominance of BTC getting back on its feet (with the fact that yesterday's small drop resulted in some major moves on alt coins). We are still seeing a nice breakdown happen to reclaim those major liquidity zones at $34K and $26K as well. Be safe and trade smart; this week will be hard on many traders for sure!
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Bitcoin(BTC): First Weakness In 60 Days = Liquidity Hunt StartsThird Week: We are seeing a nice rejection happening near the $44,500 zone, where the last weekly candle closed with nice and good dominance from bears. With that being said, we are seeing the first weakness kick in since October 16th (2 months of straight green candles). Now that the first weak link has accrued, we are seeing a nice start of downward movement, which can easily reclaim a lot of FVG zones on the lower timeframes, where also the majority of liquidity is! The start is nice, so let's see if we can keep it up from this point!
BITSTAMP:BTCUSDShort
by SwallowAcademy
1
Cosmos(ATOM): Waiting For A Re-TestRejection from a key resistance area suggests a potential trend reversal. After a promising rally, resistance rejected ATOM's price, providing an opportunity for a potential entry into a bearish move. If this rejection signifies a true sentiment shift, we may witness a pullback towards the next substantial support levels, mapped around the $9.68 and $8.51 price points. So in short, we are waiting for that lower trend, which was broken, to be re-tested, potentially giving us a good entry for some short-term push.
by SwallowAcademy
Bitcoin(BTC): Near $45K Zone!! We Are Soon ShortingBitcoin has had a nice rally to the upper zones, for which we have been waiting for some time now. As the price approaches our major target, we are getting ready to short BTC (most likely DCA). Our point of interest is also the FWB:48K zone, which can be taken as a quick liquidity movement, but the major target for us still remains the unclaimed $34K zone and the $26K zone as well. We are expecting very good returns on investment soon! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
6
Cardano(ADA): Time To Short! The price has recently formed a rounded top, indicating a bearish reversal pattern. A critical support line around $0.5486 is currently under pressure. If this level fails to hold, there's a strong likelihood of a breakdown. This potential breakdown could accelerate a move towards the next significant support levels. We monitor this support closely for signs of either a bounce, which could offer a bullish scenario to upper zones (small one), or a breach, which may confirm the bearish outlook. A decisive daily candle close below this support could be used as confirmation for a bearish outlook.
Short
by SwallowAcademy
4
FRANCE40 forecastRSI few days ago was record high 82 on daily chart, which means the market heavily overbought. No market is going up constantly. Correction is expected to happen anytime, with two potential targets at 20EMA or 50EMA. I don't believe the approach of soft landing on recession. In my opinion the recession will come and when it comes, it will hit hard. It's normal for markets to rally at the end of the year, statistically beginning of January is a little cooling off period. *This is not a trading advice. Trading is risky. Always do your own analysis before entering the market.*
OANDA:FR40EURShort
by Trinnisia_Trades
Solana(SOL): Major Resistance Is Approached!!!We see a good potential for retracement from the major resistance zone at approximately $79, which is currently being tested. The RSI is hovering near overbought territory, indicating potential for a price pullback. So with that being said, we are aiming here for three major zones. We have displayed three key support levels: the first support at around $53, followed by a more substantial second support at $41—which appears likely to be tested—and a third support at $27.5.
Short
by SwallowAcademy
Bitcoin(BTC): Will Go Towards $48K Zone Most LikelyThe second week is here, and we are still showing some strength in building up that overbought market and pushing the limits of Bitcoin. Not only are we laving heavy masses of FVG zones down below to be grabbed, but we are also on the heatmap of Bitcoin, where the majority of traders have shifted to long positions, showing us a potential liquidation grab to happen sooner or later in lower zones! With that being said, as we get closer to the April 2024 halving, two of the most reasonable movements can happen: Plan A anticipates a bearish movement towards $26K zone while also filling all the FVG zones, where we will encounter nice support and a movement to potential new ATHs Plan B It is similar to Plan A, but near support, we might see further weakness and a potential long squeeze to the lower zones before further movement to the upper zones.
BITSTAMP:BTCUSD
by SwallowAcademy
Ripple(XRP): Multiple Selloffs = Soon Drop?We've observed significant sell-offs, characterised by long wicks, which indicate selling pressure. The market appears to be bouncing, forming a series of broken zones, yet no significant movement to lower zones has happened! As we navigate through this choppy terrain, we're keeping a close watch on the intersection of the Bollinger Bands' middle line and the major support trendline. A decisive break below this confluence has intensified selling momentum, pushing prices towards the lower Bollinger Band or beyond. Our gameplan is to wait for some sort of re-test in the upper zones (closer back to the middle line of Bollinger bands). Once we are near that zone, we are going to look for a potential further downward movement, and we will catch it as well if we can.
Short
by SwallowAcademy
Ethereum (ETH): How Far More Will We Dump? Ethereum's price action on the 4-hour chart presents a pivotal moment for traders. Following a recent downturn, ETH has the potential to move towards the critical support zone around $1950–$2010, which previously sparked a rally. Currently, as we got rejected from the upper zones, we are looking at how today's daily candle will close, so we have a better understanding of the current market situation! If nothing changes and we do not break from the upper rejected resistance, we will most likely move towards the $1950 zone, which last time acted as pretty good support!
Short
by SwallowAcademy
4
Bitcoin(BTC): Dropped 9%, Time For Small Retest! Second Day: After amazing movement to the lower zone, re-testing the trend, and filling our first FVG zone, the price has dropped by 9%. During that drop, BTC also liquidated multiple positions (look at the heatmap), and now the closest liquidity is laying in the upper zones. With that being said, we are seeing a high probability of movement to upper zones to re-test them and potentially liquidate more positions, and after that, we are going to aim for that major drop that we have been waiting for some time now! We still have a lot of FVG zones to reclaim in the lower zones!
BITSTAMP:BTCUSDShort
by SwallowAcademy
Bitcoin(BTC): Liquidated Many Traders!! (Massive Drop) The first day of the week has started with a very sharp movement to lower zones, resulting in some nice liquidity hunting for millions of dollars. With prices getting rejected from the upper zone, we started slowly moving toward FVG zones that have been waiting long enough for them to be reclaimed again. With that being said, it is a little early to say if it was just a long squeeze or if we had an actual rejection from the upper zones, but what we are going to do is look for a potential re-test in the upper zones (near $43,800) with an overall aim to re-claim those FVG areas! Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
8
Bitcoin(BTC): Pre-Halving Drop? / Repeat Of History?Bitcoin's monthly chart is painting an intriguing picture as we edge closer to the April 2024 halving. The price is not only going for an attempt to test previous all-time highs but the RSI is echoing a pattern from the last pre-halving period, striking a pattern to be repeated with historical price movements. As we see the RSI return to levels it last saw right before the drop caused by the halving, traders who have been in the business for a long time are on high alert for a possible repeat of history. The way the market is going now reminds us of the push before the halving. P.S. Past performance does not always mean future performance, but the market is paying attention as so are we. We will all be wise to consider the lessons of the past halving cycles, balancing optimism with a disciplined review of the RSI and price action.
BITSTAMP:BTCUSDShort
by SwallowAcademy
2
Ethereum (ETH): Had A Major Breakout From ResistanceThe ETH coin has had a nice breakout from the major resistance zone, where a new weekly candle pushed even further, breaking 100 EMA fully. No long poems here so gameplay is simple: we need to see how new weekly candle will close (if we see a nice closure above resistance zone, we will go for major resistance in the upper zones; if we see a closure of the price below current resistance zone, then we will see a nice re-test of the trend line) It's a classic scenario: price goes for a breakout by intriguing traders for potential further movement to upper zones, but many forget that a re-test is mandatory in such cases.
Short
by SwallowAcademy
1
BTC to see SHARP MASSIVE HUGE pullback in next 48 hoursHello everyone! With BTC having a run like it has in such a short amount of time, a logical trader knows that a price correction is massively over due. Using my technical analysis, I have calculated the price of BTC to drop down, within the next 48 hours. Not long after it will bounce back up but not before it goes back down quite a bit. This is just my technical analysis, and although I am a pro, I do not offer ANY financial advice. NFA!
CRYPTO:BTCUSDShort
by friedolays
Cardano(ADA): Weekly Up By 28% 😮 / Will We Drop Now? Cardano (ADA) is experiencing a significant breakout on the weekly chart, as the recent candle has surged past both the descending channel resistance and the key horizontal zones. This impulsive move indicates a potential change in trend, suggesting that buyers are regaining control. But what caught our attention is that the RSI has spiked into overbought territory. If the ADA sustains this momentum and closes the week above these crucial levels, it could signal the start of a more substantial rally. However, given the overbought conditions, we should be vigilant for any signs of a pullback or consolidation before the continuation of the uptrend. The next thing that is most likely to come is a re-test of that same broken trend, so eyes open!
Short
by SwallowAcademy
2