Bitcoin Going To $9100, Bounce Up Or Lower? Altcoins?
Updated
Just as we saw in our past two analyses, one reading the chart and the other one looking at support level targets, Bitcoins is starting to drop.
Here we are looking at the 12H timeframe together with EMA21.
The EMA21 indicator is another famous value used to chart cryptocurrency, Bitcoin/Altcoins, this is marked here with a blue line.
Notice how the last cancel produced increasing volume while breaking below the EMA21 line... This support level is gone.
Back in early September, there was another rejection at this level.
The MACD is showing a bearish cross with the histogram starting to go red. It is also close to moving below zero... All bearish signals.
The RSI went below 50 while the STOCH is trending down strong.
Here are the related previous articles:
Bitcoin Facing Resistance At MA200 (Short-Term) Yes Or No?
Bitcoin Support Levels (My 10X Lev. Trade Targets)
You were warned...
You can use this information to your advantage and improve your calls...
But, What About The Altcoins?
What about them?
If you have any questions leave a comment in the section below.
Thanks a lot for your continued support.
Namaste.
Here we are looking at the 12H timeframe together with EMA21.
The EMA21 indicator is another famous value used to chart cryptocurrency, Bitcoin/Altcoins, this is marked here with a blue line.
Notice how the last cancel produced increasing volume while breaking below the EMA21 line... This support level is gone.
Back in early September, there was another rejection at this level.
The MACD is showing a bearish cross with the histogram starting to go red. It is also close to moving below zero... All bearish signals.
The RSI went below 50 while the STOCH is trending down strong.
Here are the related previous articles:
Bitcoin Facing Resistance At MA200 (Short-Term) Yes Or No?
Bitcoin Support Levels (My 10X Lev. Trade Targets)
You were warned...
You can use this information to your advantage and improve your calls...
But, What About The Altcoins?
What about them?
If you have any questions leave a comment in the section below.
Thanks a lot for your continued support.
Namaste.
Note
Bitcoin is very likely to continue lower... Please keep that in mind.
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🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
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