Bitcoin Moves Below EMA50 | Weekly Timeframe
The weekly candle for Bitcoin (BTCUSD) closes in less than 1 hour and prices are starting to move below EMA50... This can lead to an additional drop.
If EMA50 ($8242) fails to hold as support, BTCUSD is very likely to move lower and hit $7414 or EMA100. The indicators are bearish and last week's candle is a full bearish one.
Here is the previous analysis | Feb 28 - Bitcoin Will Bounce After This Happens...
Feb 26 - Can't Say You Weren't Warned... Bitcoin Going To $5,000?
What's your take?
Share in the comments below...
Namaste.
If EMA50 ($8242) fails to hold as support, BTCUSD is very likely to move lower and hit $7414 or EMA100. The indicators are bearish and last week's candle is a full bearish one.
Here is the previous analysis | Feb 28 - Bitcoin Will Bounce After This Happens...
Feb 26 - Can't Say You Weren't Warned... Bitcoin Going To $5,000?
What's your take?
Share in the comments below...
Namaste.
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followalan.com
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lamatrades.com (Since 2017)
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