BitcoinShort
Bitcoin (BTC): Another Rejection From 200EMA
200EMA has shown again it's dominance by sellers where buyers got supressed by that zone and got rejected!
We are looking now for the daily candle to close below or near the previously daily opening price and a possible start of downward movement should happen!
Swallow Team
We are looking now for the daily candle to close below or near the previously daily opening price and a possible start of downward movement should happen!
Swallow Team
Note
On a smaller timeframe, we can clearly see a dominance of sellers as well, where 200EMA has been tested multiple times but yet it has rejected the breakout attempts.
We are looking here for that red line to be broken, which would result in a bigger break of structure where price could start to fall toward the last lower zone, where price dumped near $49,000.
Note
Ended up nicely
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🚨 Authentic Mentoring
⚡️ Short-Term + Mid-Term Trades
Join our amazing team and be part of something bigger.
FREE: t.me/+fiEDSn7M9pJkODA0
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FREE: t.me/+fiEDSn7M9pJkODA0
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