Bitcoin (BTCUSD) just experienced a huge rejection at EMA50 and prices broke below all major support lines in the form of EMAs.
BTCUSD is now trading below EMA10/50/100/200 and MA200.
Finally, support was found at $8300 or EMA300. This is the next important support level.
If EMA300 breaks (1), we are going to see Bitcoin go lower and hit $7900-$8000 which is the 0.618 Fib. retracement support for the last bullish wave.
The next support is found at $7308 or 0.786 Fib.retracement.
If EMA300 holds, trading volume is really low and it is also a weekend, then prices can reverse up (2).
What will it be?
Share your thoughts with us in the comments section below.
Namaste.
BTCUSD is now trading below EMA10/50/100/200 and MA200.
Finally, support was found at $8300 or EMA300. This is the next important support level.
If EMA300 breaks (1), we are going to see Bitcoin go lower and hit $7900-$8000 which is the 0.618 Fib. retracement support for the last bullish wave.
The next support is found at $7308 or 0.786 Fib.retracement.
If EMA300 holds, trading volume is really low and it is also a weekend, then prices can reverse up (2).
What will it be?
Share your thoughts with us in the comments section below.
Namaste.
Note
-Bitcoin Moves Below EMA50 | Weekly Timeframe
Bitcoin Monthly | Before ($5K) & After Halving (
31K) 2020
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.