Here I am mapping the next move for Bitcoin (XBTUSD) short-term (4H).
- Prices tested EMA50 as support and close below EMA10, switching the potential from bullish to bearish.
- The MACD is showing a bearish cross.
- Bearish divergence is visible with the MACD and RSI.
- We've been expecting a drop since Bitcoin printed a lower-high.
- Conditions for change
If prices move and close above $10,000, the above signals become invalid and a new analysis is needed.
Visit the trade idea below for Bitcoin Weekly | Bullish Vs Bearish Bitcoin (Mixed Signals or Mixed Feelings?)
Feel free to leave a comment if you have any questions.
Thanks a lot for your continued support.
Namaste.
- Conditions for change
Note
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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! 🍕)
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.