Bitcoin
Short

Bitcoin Short-Term | Next Target Mapped

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)
snapshot
Note
Looks like a big one incoming...
Note
Enjoy the profits...

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