Bitcoin (BTC): Bitcoin back inside the zone of chaos!!
Bitcoin is back inside the zone of chaos where the recent Federal Funds Rate was cut and the price broke fully all EMAs here.
We are seeing currently a high dominance from buyers and we are monitoring for a potential breakout to happen from a zone of chaos.
If we manage to breakout from this zone, then we should see yet another test of the upper resistance zone where we are going to look for a possible short setup, but if we see a weakness in current market price regions, then we might fall back below EMAs.
Swallow Team
We are seeing currently a high dominance from buyers and we are monitoring for a potential breakout to happen from a zone of chaos.
If we manage to breakout from this zone, then we should see yet another test of the upper resistance zone where we are going to look for a possible short setup, but if we see a weakness in current market price regions, then we might fall back below EMAs.
Swallow Team
Note
Bitcoin is still inside our fakeout zone, where price has still the possibility for a sharp turnover to happen.
Looking at last time we were at a similar zone where price is above EMAs by about 7% so this is the zone we should see a turnover. If we will push further from here, then this gameplay we planned here will not be valdi anymore!!
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