AlanSantana

Bitcoin | The Bears Take The Upper Hand (4H frame / short-term)

Short
BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
XBTUSD ( Bitcoin ) is now trading below MA200 and EMA200 on the 4H Timeframe, signaling that the bears are now gaining control.

Prices have been slowly dropping since a peak was hit on the 13-Feb. There is the possibility that this becomes a strong correction, the biggest one before the halving but this is yet to fully confirm.

So far we have a normal retrace and Bitcoin is still looking pretty strong. But the bears are gaining momentum, we remain bearish as long as prices continue moving below support.

Namaste.

✅ FREE Charts, Trades & Results 👉 http://ascryptocurrency.com

📲 GET PAID! With UNIQUE Trades 👉 http://asgetpaid.com
(🔥 Special offer now available)

✔ Crypto 101 Trading Course
✔ Altcoins Trades (BTC & USDT)
✔ High Potential Leveraged Trades
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.