Bitcoin (BTC): Fake-out Above 200EMA | Sellers Dominating

252
Bitcoin had a nice rejection yesterday where we failed to form the BOS and break above the local highs, which resulted in a fakeout above the 200EMA and the price falling below that line.

As we see the demand in downward movement, we are keeping our sell target active as long as we are again below the local highs (at $85,750).

Markets sell exhausted, economy doomed....Be sure to have a tight stop-loss and small leverage on any position you would want to open. We expect to see a big liquidation hunting to happen soon thanks to the #China and #USA tariff war.

Swallow Academy

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.