Looking at Bitcoin on the 4H timeframe, the charts are saying that prices can easily move lower.
Right now EMA50 ($8602) is working as support while prices trade below EMA10 after a full red/bearish candle.
The indicators are bearish, RSI and MACD, while EMA100 and MA200 haven't been tested as support since early Jan.
If BTCUSD breaks below $8600 with good volume, we are likely to see $8320 followed by $7753.
Additional details can be found on the chart.
Feel free to leave a comment if you have any questions.
Thanks a lot for reading. :)
Namaste.
Right now EMA50 ($8602) is working as support while prices trade below EMA10 after a full red/bearish candle.
The indicators are bearish, RSI and MACD, while EMA100 and MA200 haven't been tested as support since early Jan.
If BTCUSD breaks below $8600 with good volume, we are likely to see $8320 followed by $7753.
Additional details can be found on the chart.
Feel free to leave a comment if you have any questions.
Thanks a lot for reading. :)
Namaste.
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd 👉 t.me/lamatrades/4
💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
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💥💥💥80% OFF Discount offer now!
t.me/masteranandatrades/6159
🏆 TOP Results
t.me/anandatrades/1183
Related publications
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.