alanmasters

Bitcoin Preparing To Go Lower (XBTUSD), $8000 or $7400?

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
We are looking at bearish divergence on both the MACD and RSI , while Bitcoin ( XBTUSD ) moved down and close below EMA10.

Bitcoin peaked and is retracing now. We can see that EMA50 ($8594) is working as support.
If this level breaks, we are likely to see Bitcoin move lower and hit the $8276 - $8128 price range.

We have both indicators trending down as well as a strong bearish signal on the daily timeframe yesterday, pointing to lower prices, see more here:
Conditions for change
For us to see Bitcoin move higher, prices first need to challenge and conquer EMA10 ($8767), followed by the last high at $9190... Where prices go next would depend on how these levels are handled.

Right now we are looking bearish .

Where do you think Bitcoin is headed next?

Thanks for reading.

Namaste.
🌐 ALAN MASTERS TRADES PREMIUM
The Best Altcoins Trades
https://alanmasterstrades.com

🔸Special offers & FREE trades on...
➡️ Telegram https://t.me/AMTrades

🟥 Alan Masters Crypto
🌟 Binance Calls
🔹 LEVERAGED TRADES

💬 CHAT http://alanmasters.chat

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out