Bitcoin (BTCUSD) is starting to drop... We can tell the bears are trying to gain control by noticing a close below EMA10 (green).
Momentum down is starting to build up.
For indicators, we are using EMAs, RSI, and the MACD.
The EMAs are now below BTCUSD while prices are trending lower, meaning that they can work as support levels... We are likely to see MA200 tested as support...
All these signals are bearish but remember that everything can change anytime with just a few candles close.
So we are looking at a bearish Bitcoin and we have targets ready and all, but we remain open for change... What would you do if prices start rising rather than continue to drop?
Having a strategy is the best way to end up a winner when you decide to begin trading... So take your time, always, before you buy into any coin.
Namaste.
Momentum down is starting to build up.
For indicators, we are using EMAs, RSI, and the MACD.
The EMAs are now below BTCUSD while prices are trending lower, meaning that they can work as support levels... We are likely to see MA200 tested as support...
- The MACD is showing a bearish cross and pointing down.
- The RSI moved below 50, sitting at 47.7 now, and trending down strong.
All these signals are bearish but remember that everything can change anytime with just a few candles close.
So we are looking at a bearish Bitcoin and we have targets ready and all, but we remain open for change... What would you do if prices start rising rather than continue to drop?
Having a strategy is the best way to end up a winner when you decide to begin trading... So take your time, always, before you buy into any coin.
Namaste.
Note
Altcoins...Waves | WAVESBTC Dec 28, 2019
district0x | DNTBTC Feb 7
Perlin | PERLBTC Jan 23
Walton | WTCBTC Jan 20
Ark | ARKBTC Oct 12, 2019
adToken | ADTBTC
Binance Coin Starts To Move | Enjoy The Profits
PIVX Is Trading Above Resistance | Can Move Soon (85%+ Easy)
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.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.