Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Bitcoin Weekly First Support At $16,000
Bitcoin
Short
Bitcoin Weekly First Support At $16,000
By AlanSantana
Follow
Follow
Dec 11, 2020
7
2
19
19
Dec 11, 2020
We will keep this one short and simple.
This is the weekly (W) timeframe for Bitcoin (BTCUSD).
The week still has two more days to go but we are seeing the current price below lasts week's low, which is set at $18100.
The current price is also lower than the week before last week's close, which is set at $18192. This is the candle with the #9 on top.
This doesn't look good.
If Bitcoin closes this week below the prices mentioned above, we will see EMA10 tested, in the least, meaning $16000.
The RSI & STOCK are clearly trending lower:
The ascending channel is also being broken.
Watch out, Bitcoin can easily move lower.
Namaste.
Beyond Technical Analysis
Technical Indicators
Trend Analysis
AlanSantana
Follow
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Live!)
lamatrades.com
(Since 2017)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Also on:
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
.