BTCUSD (Bitcoin) weekly just closed last week on a bearish candle, sending out a reversal signal.
On BitFinex prices peaked at $10,491 after breaking above EMA10 and EMA50. Now that momentum is being lost and a bearish candle has been printed on low volume, these same levels that worked as resistance will now be tested as support.
On the weekly timeframe, Bitcoin (BTCUSD) is now aiming at $9090 or EMA10 first.
If EMA10 is broken with good strength and volume, EMA50 at $8261 will follow... Here you can look at it closer on the 4H timeframe: Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)
Conditions for change
If BTCUSD moves back up and closes above $10,500, the above signals become invalid and a new analysis is needed.
This is not financial advice.
Namaste.
On BitFinex prices peaked at $10,491 after breaking above EMA10 and EMA50. Now that momentum is being lost and a bearish candle has been printed on low volume, these same levels that worked as resistance will now be tested as support.
On the weekly timeframe, Bitcoin (BTCUSD) is now aiming at $9090 or EMA10 first.
If EMA10 is broken with good strength and volume, EMA50 at $8261 will follow... Here you can look at it closer on the 4H timeframe: Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)
Conditions for change
If BTCUSD moves back up and closes above $10,500, the above signals become invalid and a new analysis is needed.
This is not financial advice.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.