Bitcoin Lower High, The Bears Win! Lower Prices To Follow!
Updated
Bitcoin (BTCUSD) is now aiming to hit around $27000 in the coming days... That's ok but why do I say this?
Recently, Bitcoin's price peak at $42000 on 8-Jan., after four days of retrace we started to see a bounce... This bounce looked beautiful but not anymore.
This whole picture ended with a lower high, which means that lower we go.
The RSI is trending lower and the MACD as well.
We get a lower high after the bounce at EMA21, which means that we now test the next EMA.
This is EMA50 which is sitting at $27777... That's where we are headed next.
Note: This is all based on a daily candle closure below EMA10 ($36180).
If prices reverse and the day closes above EMA10 this analysis is invalidated.
On a close below EMA10, we aim for EMA50 as the next support that Bitcoin is aiming to test.
The altcoins, all altcoins minus TOP10, will grow vs Bitcoin as this retrace takes place.
This is Alan Masters.
Namaste.
Recently, Bitcoin's price peak at $42000 on 8-Jan., after four days of retrace we started to see a bounce... This bounce looked beautiful but not anymore.
This whole picture ended with a lower high, which means that lower we go.
The RSI is trending lower and the MACD as well.
We get a lower high after the bounce at EMA21, which means that we now test the next EMA.
This is EMA50 which is sitting at $27777... That's where we are headed next.
Note: This is all based on a daily candle closure below EMA10 ($36180).
If prices reverse and the day closes above EMA10 this analysis is invalidated.
On a close below EMA10, we aim for EMA50 as the next support that Bitcoin is aiming to test.
The altcoins, all altcoins minus TOP10, will grow vs Bitcoin as this retrace takes place.
This is Alan Masters.
Namaste.
Note
☘️ IT IS POSSIBLE TO WIN!Many of you have a bad story to begin with...
You might think it is hard for me to relate but that is not the case.
Have you ever wondered why sometimes I seem to be very tough?
Or why I don't take to crying when a trade goes bad and money is lost...
I've been down too many times before, I can feel your pain...
I know what it means to take a loss.
This experience only made me stronger, losing, suffering a million times over...
But I never blamed it on anyone.
Even if there was somebody else involved, I would take responsibility for my part and make a note to not fall prey to the same mistakes from now on.
It is true, yes... Some trades can't be won...
But blaming someone else won't make you any money nor it will help you win on the next call.
We are all responsible for our own actions, it is possible to win if we know what we are looking for.
I started at the bottom, deep, deep, deep down and I lost hundreds of times, even my full capital over and over before I was able to become a winner and be at the TOP.
I am not saying that you have to lose everything over and over yourself...
I am just saying that if you lose, it is ok...
Learn from your mistakes, take the loss, move on, and come back to win... That's what I say.
Do not let a bad moment or situation take you down, because there is always more.
Fight hard if this is not your moment or what you are looking for.
In the end, it is impossible to win only if you give up.
You can win now because you haven't given up.
If your trades are no longer good, start from scratch, reduce the numbers, tweak any mistakes, build up some patience...
And we will see how it goes.
Namaste.
Note
MACD bearish cross: Dangerous spot...
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