AlanSantana

Bitcoin's Next Move Short-Term ($7,700 or $9,200?)

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) has been moving lower short-term. The chart above is showing multiple bearish signals as follow:

  • Trading below resistance in the form of EMAs (EMA10, 50 and EMA100).
  • Bearish MACD and RSI .
  • Increasing bear volume .

For this reason, we are short short-term.

The blue dashed lines are the targets for this drop.
The red dashed line is our stop-loss, remember that charts are always changing and direction can change easily, so we prepare for all scenarios.

This is not financial advice.

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Namaste.
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