Bitcoin Bearish Divergence With MACD (Support Levels Marked)
Updated
We are looking at bearish divergence for XBTUSD with the MACD.
Candles closed printing higher highs, while the MACD printed a lower high, giving us a strong bearish signal.
We also have prices breaking below EMA300 and EMA10.
This one is only confirmed once the 4H candle closes.
What these signals are telling us that XBTUSD can test lower support levels.
These support levels are marked and highlighted on the chart.
Conditions for change
If prices move back up and close above EMA300, the above signals become invalid.
Thanks a lot for reading.
Namaste.
Candles closed printing higher highs, while the MACD printed a lower high, giving us a strong bearish signal.
We also have prices breaking below EMA300 and EMA10.
This one is only confirmed once the 4H candle closes.
What these signals are telling us that XBTUSD can test lower support levels.
These support levels are marked and highlighted on the chart.
Conditions for change
If prices move back up and close above EMA300, the above signals become invalid.
Thanks a lot for reading.
Namaste.
Note
1H (EMA50 also gone)
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