Bitcoin - Short Term
200-hour EMA is at 10740.
Short term MACD is moving lower.
A lower correction is expected.
Short term bias is mildly bearish.
The medium term bias is mixed.
Broken out of the triangle formation to the downside. Price action is forming a bearish flag which has a bias to break to the downside.
We look to sell break of uptrend line.
Our profit targets will be 10558 and 10521
Resistance: 10680 / 10740 / 10800
Support: 10660 / 10560 / 10480
Signal Centre
200-hour EMA is at 10740.
Short term MACD is moving lower.
A lower correction is expected.
Short term bias is mildly bearish.
The medium term bias is mixed.
Broken out of the triangle formation to the downside. Price action is forming a bearish flag which has a bias to break to the downside.
We look to sell break of uptrend line.
Our profit targets will be 10558 and 10521
Resistance: 10680 / 10740 / 10800
Support: 10660 / 10560 / 10480
Signal Centre
Trade closed: target reached
Target at $10.550 was reached!
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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.
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.