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
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.