Bitcoin Is Giving Out Bearish Signals | Can Go Lower!
Updated
In my last update for Bitcoin (BTCUSD) I mentioned "bearish tendency", because Bitcoin has been moving lower since it hit a peak on the 26-June, we can easily see lower highs being printed...
But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up.
Now, the signals...
Bitcoin Bearish Signals
This is all pointing to another drop.
The drop can be quick big and recover fast just as it can be short-lived and small...
Whatever happens, we believe that Bitcoin will bounce regardless of how low it goes.
Move your focus to the altcoins and comeback when the Bitcoin consolidation period is done.
Thanks a lot for reading.
Thanks a lot for your continued support.
Namaste.
But since the 28-July, we are also seeing higher lows. This is all a period of consolidation but Bitcoin can still move lower before moving back up.
Now, the signals...
Bitcoin Bearish Signals
- The RSI is clearly trending down.
- The MACD had a bearish crossover.
- BTCUSD price is trading below EMA10 and EMA50.
- Bearish TD Sequential.
This is all pointing to another drop.
The drop can be quick big and recover fast just as it can be short-lived and small...
Whatever happens, we believe that Bitcoin will bounce regardless of how low it goes.
Move your focus to the altcoins and comeback when the Bitcoin consolidation period is done.
Thanks a lot for reading.
Thanks a lot for your continued support.
Namaste.
Note
SUCCESS IS AVAILABLE FOR ALLSuccess has nothing to do with luck, with your age, with your finances nor where you are from.
Success is not something that is saved for the few...
Or something that cannot be achieved by most...
Success is available for all of us.
You just need to figure out your true wishes, your true heart desires, your real-life goals...
Just this one simple thing makes success achievable by all.
Enjoy life...
Be smart...
Be happy working as you want...
Because success is already yours!
Namaste.
Note
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