Bitcoin (BTC): Still Pushing Towards 200EMA
Bitcoin showed us a little rejection yesterday, where today we are again in bullish momentum.
While price seems to have a pretty good recovery, we are not entering the zone of chaos, which is a zone around 200 EMA.
We are expecting to see yet another rejection from here to happen so we are keeping an eye on a possible quick liquidity movement to upper zones and then sharp downward movement.
Until then, we wait for further confirmations, so eyes on 200EMA now!
Swallow Team
While price seems to have a pretty good recovery, we are not entering the zone of chaos, which is a zone around 200 EMA.
We are expecting to see yet another rejection from here to happen so we are keeping an eye on a possible quick liquidity movement to upper zones and then sharp downward movement.
Until then, we wait for further confirmations, so eyes on 200EMA now!
Swallow Team
Note
On a smaller timeframe, Bitcoin is now at the major EMA line, where this is the last zone to get the rejection from.
If everything plays just like we need, we should see a nice rejection from here.
The other scenario would be breaking from 200EMA and forming yet another fakeout like we had before (which would also touch 200EMA on the bigger timeframe of Daily).
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