XBT Short-Term (1H)
Updated
We have a bearish continuation/consolidation pattern.
- XBT broke down yesterday, 20-Nov.
- We have multiple strong bearish candles ending in a new low.
- Bullish candles are being rejected closing with long upper wicks.
- Trading below EMA10 and EMA21 signals lower.
CHANGE
Moving and closing above $16,350 on the 1h timeframe can signal recovery.
Note: This is a short-term analysis.
It won't be valid for long.
Thank you for reading.
Namaste.
- XBT broke down yesterday, 20-Nov.
- We have multiple strong bearish candles ending in a new low.
- Bullish candles are being rejected closing with long upper wicks.
- Trading below EMA10 and EMA21 signals lower.
CHANGE
Moving and closing above $16,350 on the 1h timeframe can signal recovery.
Note: This is a short-term analysis.
It won't be valid for long.
Thank you for reading.
Namaste.
Trade closed: target reached
Note
Nothing has changed. We continue with the bearish bias short-term.Invalidation point has been lowered to $16,050 to match EMA50.
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Live!)
lamatrades.com (Since 2017)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
lamatrades.com (Since 2017)
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
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.