It is no secret that Bitcoin is dropping now... Many altcoins continue to grow...
Bitcoin (BTCUSD) just broke below EMA10 and is aiming at $8000 - $8100 next. This price range coincides with EMA100 (purple) and EMA50 (yellow)... This looks like just the beginning of the drop.
The MACD is looking bearish as well as the RSI. We were expecting this drop as we got a clear signal on the 19-Jan.
The next target is red.
Namaste.
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Previous analysis | Bitcoin Can Easily Drop From Current Prices | $8320 Followed by
Previous analysis | Bitcoin Prints A Bearish Signal, Time To Drop?
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Waves Finds Support, Retrace Over? Next Target Mapped
Enjin Coin Gains Momentum | Can Go Higher | Chart Mapped
I think fractal is in play from last bear market remember ?
AlanSantana
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@skyfulton, What date and timeframe are you looking at?
skyfu1
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@alanmasters, you posted this before where we had ihs pattern 9th june 2018 daily chart we got hammerd like around this time i am very berish till the trend changes. Really changes