Weakness is starting to show up on the Bitcoin (XBTUSD) charts.
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:
And XRPH19:
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:
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
TOP 10 STRONG ALTCOINS for LONG TERM BULLISH POTENTIAL (Remember to hit like and send me to #1)
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