Weakness is starting to show up on the Bitcoin (XBTUSD) charts.
I believe Bitcoin will drop before making its next move.
I see a trade set up here with 10X leverage. Support and resistance levels are marked on the chart.
Note: This is not a piece of trade advice. All of my trades are clearly marked and contain buy-in, target, stop-loss and additional information.
Thanks a lot for reading.
Namaste.
- Now trading below EMA10.
- MACD bearish cross.
- RSI trending down.
I believe Bitcoin will drop before making its next move.
I see a trade set up here with 10X leverage. Support and resistance levels are marked on the chart.
Note: This is not a piece of trade advice. All of my trades are clearly marked and contain buy-in, target, stop-loss and additional information.
Thanks a lot for reading.
Namaste.
Note
1st and 2nd targets reached:(1) $3780 -Reached
(2) $3750 -Reached
P.S. This is not trade advice, this is just a friendly reminder. You can check below for BitMEX active trades.
You can see TRXH19:
![[TRXH19][LONG][10X][145.2% ROE]](https://s3.tradingview.com/f/FGibiZCn_mid.png)
And XRPH19:
![Ripple (XRPH19) Imminent Breakout... [10X-15X +89%-133% ROE]](https://s3.tradingview.com/f/fGlGtqpq_mid.png)
Note
XBT Just printed a huge doji, a bullish close pushes Bitcoin towards the green.A bearish close can lead to further retrace.
We still have an active LONG trade for Bitcoin (XBTUSD) here:
![[XBTUSD][LONG][10X][99.73% ROE]](https://s3.tradingview.com/o/oRC47mhx_mid.png)
Note
Bullish close on the 4H candle: - Now trading above EMA10 and EMA50.
- Closed above support and resistance trendlines.
- Bitcoin remains bullish mid-term.
- Short term bearishness described in this post is gone after the last Doji.
If you want to trade follow our XBT LONG.
Until the next update.
Namaste.
Note
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