Short

Bitcoin Starts To Retrace, Aims at $8210 Before $9999

Updated

Bitcoin is showing signs of a retrace:

Moving below EMA10.
Bearish divergence on the MACD and RSI.
MACD Bearish cross.

Conditions for change: If Bitcoin (BTCUSD) moves up and closes above the last peak $8947, the above signals are invalidated.

Thanks a lot for reading.

Namaste.

Note

(Here we are looking at Bitcoin short term, yet below you can find some indicators as for a different/longer view).

BTC fractal May-June 2018 and the situation is now.
In favor of the fall:

1) The growth of the market without corrections is observed since February.
2) 4 green candles in a row on the monthly chart.
3) Two unclosed gaps on SME
4) Futures expiration on May 31st.
5) RSI shows a bearish divergence.

Thanks, SpartaBTC for sharing.

Note

So far going down yet still looking strong.

Bitcoin (BTCUSD) is holding really good. Remember that this is a short term analysis, we are super bullish longterm.

We continue aiming for EMA10 on the daily time frame, or EMA50 on the 4H chart:

D:

4H:

Note

[B]Altcoins doing their magic...

Pundi X (NPXSBTC) +40%

[NPXSBTC](127%) Pundi X Prepares For Breakout @alanmasters

Nucleus Vision (NCASHBTC) +11.11%

[NCASHBTC](100%) Nucleus Vision Trade Setup @alanmasters

Komodo (KMDBTC) +15%

Komodo Hits Demand Zone: Double Bottom + Bullish Divergence

BitTorrent (BTTUSDT) +210%

BitTorrent Weekly (Extreme Bullishness, Over 110% Profits Potent

Bitcoin SV (BSVBTC) +33%

Bitcoin SV 131% Explosion (The Bullish Altcoins Market Is Back!)

AdEx (ADXBTC)(76% Trade)

[ADXBTC](76%) AdEx Trade Signal @alanmasters

Everex [EVXBTC](236% Trade)

[EVXBTC](236%) Everex Back Within Buy Range, More Profits Next!

openANX [OAXBTC](156% Trade)

[OAXBTC](156%) openANX Back At Buy-in, Trade Inside @alanmasters

Note

We also have charts for Bitcoin Cash and Cardano, take a look below:

Bitcoin Cash ABC (BCHABCBTC)

Bitcoin Cash ABC (BCHABCBTC / BCHBTC) Looking Quite Bullish (50%

Bitcoin Cash (BCHM19) on BitMEX (+18% ROE)

Bitcoin Cash (BCHM19) Trade Setup (60%+ ROE on 7X)

Cardano (ADABTC)

Cardano (ADAM19) on BitMEX (+47% ROE)

[ADAM19][7X][LONG][262% ROE] Cardano on BitMEX Mid-Risk

Note

We are also showing profits for the following altcoins pairs, XRPBTC, TRXBTC, XRPM19, and TRXM19...

TRON (TRXBTC) Trade

[TRXBTC](124%) Tron Bullish Wave Starts Now! @alanmasters

TRON (TRXM19) on BitMEX (+114.9% ROE collected)

TRON (TRXM19) Breaks Above Resistance (150%+ More ROE Possible)

Ripple (XRPBTC) Long Term

Ripple vs BTC, Possible Scenarios (370% Profits to Jan '18 Peak)

Ripple (XRPM19) on BitMEX (+96.3% ROE collected)

Ripple (XRPM19) Getting Ready To Move (173% ROE on 8X)

Note

The S&P 500 Index Goes Lower Today?!

Note

Skycoin (SKYBTC) Bullish Chart Setup

Skycoin Bullish Chart Setup (Projected Path & Target)

Note

Bitcoin Shows Strength, No Weakness... What Comes Next?

Bitcoin Shows Strength, No Strong Retrace, Next Up!

Note

Latest update:

Bitcoin Goes Higher? Bullish Potential Remains, $11000 or $7400?

AlanSantana

🔝 Daily Cryptocurrency Technical Analysis
followalan.com

🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)

🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com

Also on:

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.