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Warning: Bitcoin Bearish Signal Just Came In... Going Lower!
Bitcoin
Short
Warning: Bitcoin Bearish Signal Just Came In... Going Lower!
By AlanSantana
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Oct 10, 2021
5
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1
Oct 10, 2021
A strong bearish signal just came in for Bitcoin... Get ready, it looks like it will be moving lower now.
In this chart I have the support levels marked based on the Fib. retracement tool.
For support, we are looking at:
1) $52,300 2) $50,500
3) $48,750
4) $44,000
The daily and weekly candles are yet to close.
This move is just getting started.
How far down Bitcoin goes will depend on the strength of these candles.
The market conditions are always changing so this signal too can become invalidated.
If BTCUSD closes today below EMA10/21, expect a red week next week.
Namaste.
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