Prices are also trading below EMA10/50/100 = bearish.
Bearish cross of EMA10 and EMA50.
MACD bearish cross with histogram going red (pictured below).
RSI Moved below 50 and bearish STOCH (pictured below).
Trading volume still low = neutral.
MACD
RSI + STOCH
Bitcoin is likely to go below $9100 on the next drop.
Conditions for change The charts are always changing... If prices move and close above MA200 ($9279.7), the above bearish signals are invalidated and a new analysis is needed.
Thanks a lot for reading.
Namaste.
Note
The response is very clear... Thanks for the feedback. I shall continue sharing these.
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