Short

Bitcoin Short-Term | Next Target Mapped

By AlanSantana

Updated

Here I am mapping the next move for Bitcoin (XBTUSD) short-term (4H).

Prices tested EMA50 as support and close below EMA10, switching the potential from bullish to bearish.
The MACD is showing a bearish cross.
Bearish divergence is visible with the MACD and RSI.
We've been expecting a drop since Bitcoin printed a lower-high.
- Conditions for change
  If prices move and close above $10,000, the above signals become invalid and a new analysis is needed.
  
  Visit the trade idea below for Bitcoin Weekly | Bullish Vs Bearish Bitcoin (Mixed Signals or Mixed Feelings?)
  
  Feel free to leave a comment if you have any questions.
  
  Thanks a lot for your continued support.
  
  Namaste.

Note

Update (still bearish short-term)

Note

Looks like a big one incoming...

Note

Enjoy the profits...

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