Bitcoin Looking Down To Retest $9000 (Key Support Levels)
Updated
Bitcoin (BTCUSD 4H) hit a top at $11120 and is now looking down... Feel free to hit like to get started...
Looking at the 4H Scale/Time Frame, Bitcoin (BTCUSD) is showing all the signals of an upcoming strong drop... Monday might get quite bloody.
Bitcoin Support Levels
If Bitcoin is to continue moving lower, this is where support will most likely be found before the next move.
1) $10,000 - $9,800
2) $9400
3) $9000
Conditions for change: If Bitcoin closes above $10630 on the daily time frame, the above signals are invalidated and a new analysis is needed.
Thanks a lot for your support.
Namaste.
Looking at the 4H Scale/Time Frame, Bitcoin (BTCUSD) is showing all the signals of an upcoming strong drop... Monday might get quite bloody.
- We have a breakdown of EMA10 and EMA50, main and strong support.
- The RSI and MACD are also bearish and trending down.
- Low trading volume.
Bitcoin Support Levels
If Bitcoin is to continue moving lower, this is where support will most likely be found before the next move.
1) $10,000 - $9,800
2) $9400
3) $9000
Conditions for change: If Bitcoin closes above $10630 on the daily time frame, the above signals are invalidated and a new analysis is needed.
Thanks a lot for your support.
Namaste.
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