Bitcoin (BTC): Pressure From Buyers Is Getting Weak
Another day and we see that price is showing some kind of weakness where pressure from buyers has been suppressed.
As we are still below the major EMAs here, we still see lower zones to be touched here, so all we need now is to see some kind of weakness to kick in below EMAs where sellers would also secure a zone near the current market price!
Swallow Team
As we are still below the major EMAs here, we still see lower zones to be touched here, so all we need now is to see some kind of weakness to kick in below EMAs where sellers would also secure a zone near the current market price!
Swallow Team
Note
200EMA is still holding the ground where EMA is not letting the price through.
Our gameplan here is simple: if we manage to hold this zone until the end of the zone, if we see a rejection happen in 36 hours, then we will see a good downward movement from here.
But remember, fakeout option is still possible but only if buyers manage to breakout and secure the zone above EMAs.
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