After what appeared to be a signal when prices moved and closed above EMA10, a rejection quickly followed yesterday and now prices are back below this level.
- EMA10 is now sitting at $9761.8.
- We continue to see lower highs being printed and really low .
- If remains low, you can expect the "drop" or retrace to be slow and not so strong... But if starts to come in, we will see a big drop towards EMA100/MA200, sitting in the $8821.8 to $8900 price range.
- Unless prices for BTCUSD move back above EMA10, we remain , open for change, and expecting for the altcoins (smaller ones) to continue to gain.
Thanks a lot for reading.
This is not financial advice.
Previous analysis | S&P 500 Index Incoming Drop | Heading For 3258
21-Feb. | Bitcoin Continues Lower, $8950 Next? Mapped
16-Feb. | Bitcoin Weekly | EMA10 Likely To Be Tested At $9000-$9150
16-Feb. | Bitcoin Aims At $9740 Followed by $9250 ( Signs)
Gold ( XAUUSD ) Continues Super | $2,222 Next?
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