BTCUSDSHORTS
More Drop on BitcoinANALYSIS ON BTCUSD
Welcome to my analysis
-
DAILY CHart
-
Interesting Point of interest In the BTCUSD pair.
- Price below 200 day EMA.
- if pulls back to top, sell at top of around 8700-9k.
- Expecting more downward momentum. Price could move to around $7k and even lower
- Watch $6850 for take profit.
- MACD showing bearish divergence
Stay Tuned
When to buy... using BTCUSD Shorts 20 MA (PART TWO)Took the weeks in which 20MA decline ended. Marked with arrows when week high and low pierced H L range of first and last daily price bar of decline in MA. Can you discern a pattern. NOT ADVICE. DYOR.
From yesterday's post see yesterday's post for more detail
When to buy. Here's an idea using BTCUSD Shorts 20 MA.Using 20MA Bitcoin Shorts. When to buy. Looked for long drops in MA ending with double bottoms (27 & 29 Jan, 21 & 25 Otc) and studied those bars to draw interesting breakout levels. In this study a close above $8371.3 looks key for bulls, and below $7,426 for bears. But be careful this is based on today's low at the time of posting this chart having already been hit, and that the end of day 20MA will be higher than yesterday. NOT ADVICE DYOR.