Bitcoin Aims At $8,888, How Long Before The Drop?

Updated

Bitcoin's retrace still hasn't taken its full form, it is a process still in the making (developing...).

After what appeared to be a bullish signal when prices moved and closed above EMA10, a rejection quickly followed yesterday and now prices are back below this level.

EMA10 is now sitting at $9761.8.
We continue to see lower highs being printed and really low volume.
If volume remains low, you can expect the "drop" or retrace to be slow and not so strong... But if volume starts to come in, we will see a big drop towards EMA100/MA200, sitting in the $8821.8 to $8900 price range.
Unless prices for BTCUSD move back above EMA10, we remain bearish, open for change, and expecting for the altcoins (smaller ones) to continue to gain.

Thanks a lot for reading.
This is not financial advice.

Previous analysis | S&P 500 Index Incoming Drop | Heading For 3258

21-Feb. | Bitcoin Continues Lower, $8950 Next? Support & Resistance Mapped

16-Feb. | Bitcoin Weekly | EMA10 Likely To Be Tested At $9000-$9150

16-Feb. | Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)

Namaste.
--
Gold (XAUUSD) Continues Super Bullish | $2,222 Next?

Comment

Bitcoin continues to drop... $8800/$8900 looking pretty close now.

Comment

🍀BEING BIG

A town sits on the path of a hurricane...

The townspeople are scared, everything changed so fast, it just came and now is different, it is all gone.

The people start to cry in despair...
They recoup, start to wonder, even blame the hurricane.

But the hurricane has no-fault...
It only knows how to be a hurricane.

And he was big but now is gone and the townspeople need to start afresh.

The new morning sun brings the hopes up.

The innovation Spirit wakes up again.

A new town is starting to grow.

The hurricane caused a lot of damage, at one point it seemed there was no repair.

But the once small town is now full of amazing people and has become one of the biggest and most beautiful cities to be ever made.

Let's not get lost in what is lost and start wondering/working and building this new reality we want to share.

Namaste.

AlanSantana

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