Bitcoin (BTC): Bitcoin back inside the zone of chaos!!
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.
Swallow Team
Comment
Bitcoin is still inside our fakeout zone, where price has still the possibility for a sharp turnover to happen.
Looking at last time we were at a similar zone where price is above EMAs by about 7% so this is the zone we should see a turnover. If we will push further from here, then this gameplay we planned here will not be valdi anymore!!
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