The new week is here and bitcoin has successfully re-tested the 100EMA line, which was broken on June 23rd.
As we see a new daily candle (which is also an opening day for the week + month), we are seeing a nice rejection from 100EMA so far, which is working rather well.
We are waiting to see a re-test of local lows at the $60K zone and a movement to lower zones touching that 200EMA and breaking it as well!
Swallow Team
As we see a new daily candle (which is also an opening day for the week + month), we are seeing a nice rejection from 100EMA so far, which is working rather well.
We are waiting to see a re-test of local lows at the $60K zone and a movement to lower zones touching that 200EMA and breaking it as well!
Swallow Team
Note
Bitcoin had pretty neutral movement yesterday, where the closing and opening price were close to each other.
So far, we are still below that 100EMA which means we are still in phase of re-test, waiting for rejection to happen or any signs of weakness to kick in!
Note
Bitcoin is moving rather well for use after we caught that rejection form 100EMA, where the price has moved so far 4% of marketprice movement.
Now we are looking for our entry zone to be fully broken, which would result in the start of movement in second setup.
first one we crushed nicely when we caught the short from top $71K zones towards $60K zone 😉
Note
Bitcoin is crushing down from local zones and our second Bitcoin setup is working well.
Price has moved so far by 10% since that rejection from 100EMA and we are now securing the daily candle below 200EMA.
Note
Bitcoin had made yet another amazing movement, resulting in a 15% markup in price movement and touching $53,500.
Ideally, we should see a touch to $50K from where we might see some kind of smaller bounce.
But before we start the speculation on what would happen near $50K, we will wait for that zone to be reached 😉
Swallow Team
Note
Bitcoin made an incredible movement to lower zones here, breaking completely out of the $50K zone. New zones to look at now so eyes wide open!
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Keep an eye on us and you will not regret it. 😉
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.