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.
🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
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.