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Bitcoin Weekly | EMA10 Likely To Be Tested At $9000-$9150

Short
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
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.
Comment: ✳️ Storm Continues, Strong Move Possible If...
(My money is on Storm... it is already moving)

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Comments

How can people still fallow you? To degenerative
+1 Reply
@hkd2013, You don't follow me?
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@hkd2013, Looks like you do... So you understand why.
+3 Reply
lol why did u delete my idea about longing at 9600
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alanmasters StrmbladeStrm
@StrmbladeStrm, I cannot delete or edit anything you or anything posts...
Reply
Never short the bit!
Reply
Bitcoin is bullish again! This idea below explains why:

Reply
btcusd 4d best level to buy 40% gains (NEW).
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