Bitcoin is about to retest $10.500 area.
Updated
Bitcoin - Short Term
200-hour EMA is at 10740.
Short term MACD is moving lower.
A lower correction is expected.
Short term bias is mildly bearish.
The medium term bias is mixed.
Broken out of the triangle formation to the downside. Price action is forming a bearish flag which has a bias to break to the downside.
We look to sell break of uptrend line.
Our profit targets will be 10558 and 10521
Resistance: 10680 / 10740 / 10800
Support: 10660 / 10560 / 10480
Signal Centre
200-hour EMA is at 10740.
Short term MACD is moving lower.
A lower correction is expected.
Short term bias is mildly bearish.
The medium term bias is mixed.
Broken out of the triangle formation to the downside. Price action is forming a bearish flag which has a bias to break to the downside.
We look to sell break of uptrend line.
Our profit targets will be 10558 and 10521
Resistance: 10680 / 10740 / 10800
Support: 10660 / 10560 / 10480
Signal Centre
Trade closed: target reached
Target at $10.550 was reached!
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