Bitcoin
Short

Bitcoin Drop Followed by Bullish Move (10X Lev.)

Updated
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:
[TRXH19][LONG][10X][145.2% ROE]


And XRPH19:
Ripple (XRPH19) Imminent Breakout... [10X-15X +89%-133% ROE]
Note
XBT Just printed a huge doji, a bullish close pushes Bitcoin towards the green.

A bearish close can lead to further retrace.
snapshot

We still have an active LONG trade for Bitcoin (XBTUSD) here:
[XBTUSD][LONG][10X][99.73% ROE]
Note
Bullish close on the 4H candle: snapshot

- 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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