Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Bitcoin will now go down to $7638 at the least or even lower at $7288 depending on how it all develops.
Our targets based on an 18-Dec. trade reached $8,200, the peak hit at $8462... Think about it, that's pretty accurate...
Now, we can see XBTUSD moving and closing below EMA10, switching XBTUSD potential from bullish to bearish.
Our next target sits at $7638 or EMA50. Before that, we have $7697.5 but this is basically the same.
The MACD is showing a strong bearish cross and the histogram going in favor of the bears while the RSI is still strong above 50 but trending down.
These are just quick and simple signals and they can easily reverse of course, but the altcoins are already moving and Bitcoin has been making moves to keep it "sideways" just to let the altcoins grow.
So what happens next? Give some time for the charts to develop and we will see how it goes.
Looking at the 4H timeframe, XBTUSD has peaked and it is about to test the next main lower support.
Namaste.
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The short is taking place. 111 LIKES for full trade details on 8X lev.
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