3363 views
BTCUSD ( Bitcoin ) weekly just closed last week on a bearish candle, sending out a reversal signal.
On BitFinex prices peaked at $10,491 after breaking above EMA10 and EMA50. Now that momentum is being lost and a bearish candle has been printed on low volume , these same levels that worked as resistance will now be tested as support.
On the weekly timeframe , Bitcoin ( BTCUSD ) is now aiming at $9090 or EMA10 first.
If EMA10 is broken with good strength and volume , EMA50 at $8261 will follow... Here you can look at it closer on the 4H timeframe: Bitcoin Aims At $9740 Followed by $9250 ( Bearish Signs)
Conditions for change
If BTCUSD moves back up and closes above $10,500, the above signals become invalid and a new analysis is needed.
This is not financial advice.
Namaste.
On BitFinex prices peaked at $10,491 after breaking above EMA10 and EMA50. Now that momentum is being lost and a bearish candle has been printed on low volume , these same levels that worked as resistance will now be tested as support.
On the weekly timeframe , Bitcoin ( BTCUSD ) is now aiming at $9090 or EMA10 first.
If EMA10 is broken with good strength and volume , EMA50 at $8261 will follow... Here you can look at it closer on the 4H timeframe: Bitcoin Aims At $9740 Followed by $9250 ( Bearish Signs)
Conditions for change
If BTCUSD moves back up and closes above $10,500, the above signals become invalid and a new analysis is needed.
This is not financial advice.
Namaste.
🌐 ALAN MASTERS TRADES PREMIUM
The Best Altcoins Trades, Supports & Strategies
https://alanmasterstrades.com
➡️ Alts, Btc, FREE trades & More
https://t.me/AMTrades
🥇 Results
https://alanmasterstrades.com/results/
💬 CHAT http://alanmasters.chat
The Best Altcoins Trades, Supports & Strategies
https://alanmasterstrades.com
➡️ Alts, Btc, FREE trades & More
https://t.me/AMTrades
🥇 Results
https://alanmasterstrades.com/results/
💬 CHAT http://alanmasters.chat
(My money is on Storm... it is already moving)
✳️ Mossland (MOC) Grows by 950% in 60 Days (What Else?)
✳️ Theta Token vs TetherUS | Retrace Within Ascending Channel
✳️ Mainframe Breaks Out of Descending Channel | 108% Target Mapped
✳️ Selfkey Ready To Jump Anytime (200% Mapped)