XBTUSD (Bitcoin) continues to aim lower, the technicals here are pretty simple.
We have prices below EMA10, EMA50, and MA200.
The MACD is below zero while trending down.
The RSI has also broken below its bullish zone of 50.
The next strong support is sitting at the $8800/$9000 price range.
Conditions for change
XBTUSD breaking and closing above MA200 at $9435 invalidates the above analysis.
This is not financial advice.
Namaste.
We have prices below EMA10, EMA50, and MA200.
The MACD is below zero while trending down.
The RSI has also broken below its bullish zone of 50.
The next strong support is sitting at the $8800/$9000 price range.
Conditions for change
XBTUSD breaking and closing above MA200 at $9435 invalidates the above analysis.
This is not financial advice.
Namaste.
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🚨 TOP FREE Trades
ETH +1450% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
t.me/masteranandatrades/6499
🚨 PREMIUM LIFETIME (Since 2017)
lamatrades.com
ETH +1450% · AAVE +1134%
XRP +749% · DOGS +868%
BTC +563% · SOL +658%
t.me/anandatrades/1350
🚨 FREE Analyses & New Results
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🚨 PREMIUM LIFETIME (Since 2017)
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Related publications
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.