Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Bitcoin Aims Lower While Still Strong
Bitcoin
Short
Bitcoin Aims Lower While Still Strong
By AlanSantana
Follow
Follow
Updated
Oct 8, 2020
7
4
Cheer
Cheer
23
23
Oct 6, 2020
Bitcoin (BTCUSD) has been doing some sideways consolidation with bearish tendencies.
Even though prices are aiming lower, the BTCUSD pair remains very strong.
Prices can drop 1000 points, 2000 points and still we have a bullish trend and Bitcoin.
Do not get lost in the noise (short-term moves).
Back to the chart to the signals
1) We have the RSI trending lower.
2) Prices moving below EMA300/200/100/50/10
3) The MACD is showing a young bearish cross.
Expect lower prices.
Conditions for change
If Bitcoin (BTCUSD) moves and closes above the EMAs and orange trendline, this analysis is invalidated.
Namaste.
Oct 8, 2020
Comment
Bitcoin breaks bullish...
Beyond Technical Analysis
Technical Indicators
Trend Analysis
AlanSantana
Follow
Follow
🔝 The Greatest Cryptocurrency Analysis on Earth!
followalan.com
🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com
(Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
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
.