Bitcoin (BTC): Soon Getting Ready To Short The Bitcoin!

2024年9月30日

Bitcoin on a weekly timeframe has slowly but steadily reached the upper resistance zones, where we are already seeing some kind of first rejections (with sharp monday opening from sellers).

We are getting ready for price to test the EMAs, which means a great shorting setup!

Swallow Team

2024年9月30日

註釋

We are seeing first signs of weakness near the current market prime zone where we failed to form CHoCH.

We are now looking for a possible movement to start to lower zones and a break of that sharp upward trend we had since the 6th of September.

Ideally we should break the $62,600 to see a nice downward movement so eyes on it now!

2024年10月1日

註釋

So far, sellers have shown us good pressure from the weekly opening, where the price fell by 4% yesterday.

As of now we see a smaller recovery to happen and to be honest, we wait for upper resistance to be tested before a bigger movement to lower zones. Either way, this would be a good spot for DCA!!

2024年10月2日

註釋

Bitcoin has made a good downward movement from the upper zone, resulting in a nice 7% market price movement.

So far we are looking good and we are looking for further moves here so let's see!

2024年10月3日

註釋

Bitcoin has still that downward pressure where since our entry point sellers have been dominating up until the current zone where we encountered 200EMA.

We are closely monitoring that EMA there, as it seems to us to be weak where we see no buyer volume.

We are looking for this zone to be broken and a further movement to lower zones to start so let's see how it goes!

2024年10月4日

註釋

Buyers are showing currently a dominance near 200EMA, where there is a possibility of seeing now an upward correctional move (a smaller one).

We are now waiting to see slight upward movement and then a further movement to lower zones so we expect to see yet another re-test of EMAs and possibly a break of it as well!