On BitFinex prices peaked at $10,491 after breaking above EMA10 and EMA50. Now that momentum is being lost and a candle has been printed on low , these same levels that worked as resistance will now be tested as support.
On the , Bitcoin ( BTCUSD ) is now aiming at $9090 or EMA10 first.
If EMA10 is broken with good strength and , EMA50 at $8261 will follow... Here you can look at it closer on the 4H timeframe: Bitcoin Aims At $9740 Followed by $9250 ( 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.