Bitcoin (BTC): Weekly Lower Lows, Sellers Show Dominance!

16 ก.ย. 2024

Weekly timeframe is showing us a great dominance from sellers, where after each bullish movement they take back control and lead the price below last lows.

Our gameplan has not changed, and the worst-case scenario for us is still the same: slowly but steadily we move towards the target here.

Swallow Team

16 ก.ย. 2024

บันทึก

What a nice catch here, where price tested again our famous 200EMA and got rejected.

So far, the new week has started out nice and good, with pressure from sellers taking over that zone there and possibly starting a further downward movement from here!

17 ก.ย. 2024

บันทึก

Bitcoin had a nice fall yesterday, where today we are seeing some kind of recovery after sharp rejection from 100EMA.

We are keeping an eye on that rejection zone where we want to see sellers maintain the dominance at that level.

If we manage to keep the next 48 hours the price below that EMA, we should see another attempt to reach lows here!

18 ก.ย. 2024

บันทึก

Bitcoin has made another liquidity sweep to 100EMA, where we saw a nice rejection once again.

Most likely, if we see a good bounce back here, this should be a final conformational rejection and a further movement will be followed to lower zones!

19 ก.ย. 2024

บันทึก

Bitcoin is back inside the zone of chaos where the recent Federal Funds Rate was cut and the price broke fully all EMAs here.

We are seeing currently a high dominance from buyers and we are monitoring for a potential breakout to happen from a zone of chaos.

If we manage to breakout from this zone, then we should see yet another test of the upper resistance zone where we are going to look for a possible short setup, but if we see a weakness in current market price regions, then we might fall back below EMAs.

20 ก.ย. 2024

บันทึก

Bitcoin is still pushy, and the price is not showing any signs of weakness so far.

We are waiting further for any confirmations of rejection but so far we are looking more for that upper zone to be re-tested and possibly rejected as well so eyes on that zone now!