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AlanSantana
Oct 1, 2020 6:21 PM

Bitcoin Daily | Aiming At $9850 Followed by $9370 Short

BITSTAMP:BTCUSD1D
Bitcoin / U.S. dollarBitstamp

Description

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Bitcoin wasn't able to stay above EMA50 on the daily timeframe... This can signal lower prices.

EMA50 is a strong indicator when it comes to BTCUSD and the 1-day chart...
Support is found now at $10489 or EMA100.

Below EMA100 we will see a stronger drop.

Will Bitcoin bounce from the EMA100 support or keep on going lower?

We have increasing bear volume today but still low... So, how can we tell if prices will bounce or not?

We can look at our indicators to get some clues.
  • The MACD is trading below the zero line, which is bearish and also trending lower... Looks like it is about to print a bearish cross.
  • The RSI is still good/solid at 44+ but also trending lower, printing lower highs since the 1st of August.


    • Our next target is set at $9850 followed by $9370.

      Conditions for change
      If prices move back up and stay above EMA50, the above signals can easily be invalidated and the bearish potential is lost.

      For now, the bears are starting to gain strength, so we remain bearish on Bitcoin short-term and we go with the flow.

      Any questions?
      Share your thoughts in the comments section below.

      Namaste.

Comment

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🅱️ Bitcoin Monthly | Going To $5,555 But $9850 First, Then $8821 &.

Comment

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✳️ Ethereum Going For Lower Prices (MA200 Analysis)

Comment

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Bitcoin & Ethereum...

Here is ETHUSD
✳️ Ethereum Looks Just Like Bitcoin, Bearish, Next Target Mapped!
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDaltcoinscryptoCryptocurrencyalanmastersbinancebittrex
Comments
MasterPlayer
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feel the power of BTC there newbie

your analysis turns to dust when it comes to BTC

it would be smarter to be quiet longer

looks like newbie
any minimum change is there making a storm

only newbies have these attitudes
AlanSantana
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@MasterPlayer, It is called "work".
MasterPlayer
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@alanmasters,

said the newbie

ps ... if it was work you would have already been fired
AlanSantana
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@MasterPlayer, How am I going to get fired when I am the boss?

Do you say I fire myself?

That doesn't make any sense.
MasterPlayer
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@alanmasters,
you are a boss only if you are a boss
of donkeys

you are just a newbie trying to show up
AlanSantana
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@MasterPlayer, Is it bad to be a newbie?

I am happy to be one.

I take no offense.

The New Newbie.
Or the TOP Newbie.

😄😄

What do you call yourself?

The ultra-experienced?
The expert?

The old troll.

... Just kidding.

Wishing you a nice day.
spacetimeripple
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@alanmasters, excellent response. Do not feed the trolls. Just ignore them. The more you give them attention, the more they feel "validated" in their trolling attempts. Just keep on doing the valuable work that many of us here appreciate.
AlanSantana
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@spacetimeripple, Thanks a lot for the support... I feed them from time to time as they help push the articles higher... So in the end they are helping. 😄🙏🏼

Thanks a lot for the support.
Filiii
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@alanmasters, you're the best. There is a lot of jealousy in this creepy world. These comments are just a confirmation. I took a look at the account of @MasterPlayer: now I understand his / her frustrations lol. Keep up the good work!
AlanSantana
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@Filiii, I saw it and also understand... Thanks a lot for the support.

Namaste.
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