Bitcoin | EMA50 Rejection Signals Lower...
Yesterday we had a clear rejection at EMA50 which signals lower prices.
Yesterday's closing price happened below the 0.382 Fib. retracement level.
These are bearish signals.
The MACD now enters the bearish zone.
The RSI has gone bearish below 50 (42.93 currently).
These signals can tell us of lower prices.
Short-term these signals can be invalidated if we get a candle close above $43,000 or EMA50.
Better confirmation with multiple candles above $43,450 - $43,700.
Any trading below the above mentioned levels and we expect lower prices short-term.
Trading volume has been really low lately...
Not a positive signal at this point.
Namaste.
Yesterday's closing price happened below the 0.382 Fib. retracement level.
These are bearish signals.
The MACD now enters the bearish zone.
The RSI has gone bearish below 50 (42.93 currently).
These signals can tell us of lower prices.
Short-term these signals can be invalidated if we get a candle close above $43,000 or EMA50.
Better confirmation with multiple candles above $43,450 - $43,700.
Any trading below the above mentioned levels and we expect lower prices short-term.
Trading volume has been really low lately...
Not a positive signal at this point.
Namaste.
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