Bitcoin Weekly | EMA10 Likely To Be Tested At $9000-$9150
Updated
BTCUSD (Bitcoin) weekly just closed last week on a bearish candle, sending out a reversal signal.
On BitFinex prices peaked at $10,491 after breaking above EMA10 and EMA50. Now that momentum is being lost and a bearish candle has been printed on low volume, these same levels that worked as resistance will now be tested as support.
On the weekly timeframe, Bitcoin (BTCUSD) is now aiming at $9090 or EMA10 first.
If EMA10 is broken with good strength and volume, EMA50 at $8261 will follow... Here you can look at it closer on the 4H timeframe: Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)
Conditions for change
If BTCUSD moves back up and closes above $10,500, the above signals become invalid and a new analysis is needed.
This is not financial advice.
Namaste.
On BitFinex prices peaked at $10,491 after breaking above EMA10 and EMA50. Now that momentum is being lost and a bearish candle has been printed on low volume, these same levels that worked as resistance will now be tested as support.
On the weekly timeframe, Bitcoin (BTCUSD) is now aiming at $9090 or EMA10 first.
If EMA10 is broken with good strength and volume, EMA50 at $8261 will follow... Here you can look at it closer on the 4H timeframe: Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)
Conditions for change
If BTCUSD moves back up and closes above $10,500, the above signals become invalid and a new analysis is needed.
This is not financial advice.
Namaste.
Comment
✳️ Storm Continues, Strong Move Possible If...(My money is on Storm... it is already moving)
✳️ Mossland (MOC) Grows by 950% in 60 Days (What Else?)
✳️ Theta Token vs TetherUS | Retrace Within Ascending Channel
✳️ Mainframe Breaks Out of Descending Channel | 108% Target Mapped
✳️ Selfkey Ready To Jump Anytime (200% Mapped)
🔝 The Greatest Cryptocurrency Analysis on Earth!
followalan.com
🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
followalan.com
🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
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.