Bitcoin Will Now Move Down To $7638 At The Least... READ FIRST

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
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.

Comment: The short is taking place.
111 LIKES for full trade details on 8X lev.
Comment: Lisk Starts To Move | Trade Inside
(Two targets hit for 26%+... more to come)

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than you for all you do and share
+2 Reply
alanmasters Hudsonite
@Hudsonite, It is my pleasure brother.

I thank you for the comment, taking the time to read and your continued support.

+1 Reply
exellent job ! Best regards !
+1 Reply
alanmasters AlextheBlack
@AlextheBlack, Thanks.
Hi Alan, what do you think about the pump going on today? Normal bounce? We still going to see the Short Trade?
Have a great day
alanmasters OliverTA
@OliverTA, Needs more time to tell... My stop-loss is a $8230 daily close... So it is a wait and see for me.

The pump looks good but this can be an ABC correciton.
OliverTA alanmasters
@alanmasters, This was very close to hit 8230$ .. don't know where this is aiming at. Still not sure if its going down now.
alanmasters OliverTA
@OliverTA, No worries, we can only wait and see.
OliverTA alanmasters
@alanmasters, Iam just hoping for a short trade:) btw. where you get the 8230$ from? Don't see any Ema resistance there.
@alanmasters , should we stop the trade at 8020, short one? It reached 7670, u think can it go lower considering last pump? Thanks
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