Bitcoin To $43K & Possibly Lower
Updated
Yesterday Bitcoin closed below EMA10 after a lower high, this is bad news based on my EMA analysis.
We are sure to hit EMA50 or much lower, EMA100 ($36000) if BTCUSD closes today (4-March) below $47800 or EMA21.
Conditions for change
Any close below EMA10 would be strongly bearish, to see change, we would have to see prices moving up and closing above EMA10 ($48400).
Indicators
The RSI and MACD both support lower prices.
The Altcoins are growing while Bitcoin corrects as we mentioned... Thanks a lot for your continued support.
Namaste.
We are sure to hit EMA50 or much lower, EMA100 ($36000) if BTCUSD closes today (4-March) below $47800 or EMA21.
Conditions for change
Any close below EMA10 would be strongly bearish, to see change, we would have to see prices moving up and closing above EMA10 ($48400).
Indicators
The RSI and MACD both support lower prices.
The Altcoins are growing while Bitcoin corrects as we mentioned... Thanks a lot for your continued support.
Namaste.
Comment
Here is BTCUSD on the 4h timeframe: - We have the bearish cross on the MACD and bearish RSI.
- We can see that the current price is trading below all the EMA lines.
- We have a lower high after EMA200 was tested, this signal that the next level, EMA300 or lower can be tested next.
These are bearish signals coming from the above chart.
Comment
Final call before lower prices...
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