Bitcoin Faces Resistance With Bearish Indicators
Bitcoin (BTCUSD) has been facing resistance around the $14,000 price level... If this level isn't conquered fast Bitcoin's prices can drop.
Here we have a higher high on BTCUSD, yet we have a lower high on the RSI, marking bearish divergence.
The MACD looks like it peaked and it is starting to trend lower:
NOTE: The technicals are still bullish, prices trading above EMA10 for example but the above are what I call "early-signals"...
The RSI is also trending lower now.
This is the daily timeframe and Bitcoin remains above EMA10 and EMA50, which means that the bulls are still in control.
But if $14,000 can't be taken out and we prices starting to drop, we are likely to see a test of $12100+ or even lower...
Let's have a closer look at the 4H timeframe for more...
(Hit LIKE and leave a comment if you would like to see the 4H timeframe chart analysis).
Namaste.
Here we have a higher high on BTCUSD, yet we have a lower high on the RSI, marking bearish divergence.
The MACD looks like it peaked and it is starting to trend lower:
NOTE: The technicals are still bullish, prices trading above EMA10 for example but the above are what I call "early-signals"...
The RSI is also trending lower now.
This is the daily timeframe and Bitcoin remains above EMA10 and EMA50, which means that the bulls are still in control.
But if $14,000 can't be taken out and we prices starting to drop, we are likely to see a test of $12100+ or even lower...
Let's have a closer look at the 4H timeframe for more...
(Hit LIKE and leave a comment if you would like to see the 4H timeframe chart analysis).
Namaste.
Note
🅱️ Bitcoin Aims At EMA100 ($13000) Short-Term Analysis
As promised...
Also, you can find some altcoins here which will start to grow soon.
✳️ Secret Network (SCRT) Mapped (80%, 200% & Beyond)
💾 Gold Spot (XAU) Going Bearish...
✳️ ChainLink vs TetherUS (LINK) Distribution
Note
🅱️ THE BULLS WIN | Bitcoin Going For A New All-Time High ($19,000+)
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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.
💥💥💥 90% OFF Available, All PREMIUM Channels (LIFETIME access) 👉 lamatrades.com (Since 2017)
Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971
🏆 More: t.me/alansantana1111/5935
Results:
🥇XRP +2010%
🥇ADA +2216%
🥇TOSHI +1642%
🥇AVA +536%
🥇TRUMP +300%
t.me/anandatrades/971
🏆 More: t.me/alansantana1111/5935
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.