Bitcoin (BTC): Another Rejection From 200EMA

٣ سبتمبر ٢٠٢٤

200EMA has shown again it's dominance by sellers where buyers got supressed by that zone and got rejected!

We are looking now for the daily candle to close below or near the previously daily opening price and a possible start of downward movement should happen!

Swallow Team

٣ سبتمبر ٢٠٢٤

ملاحظة

On a smaller timeframe, we can clearly see a dominance of sellers as well, where 200EMA has been tested multiple times but yet it has rejected the breakout attempts.

We are looking here for that red line to be broken, which would result in a bigger break of structure where price could start to fall toward the last lower zone, where price dumped near $49,000.

٩ سبتمبر ٢٠٢٤

ملاحظة

Ended up nicely