Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
XBTUSD ( Bitcoin ) is now looking full bearish with multiple bearish signals in the making... Let's take a look at those:

  • First we have a break of EMA10 and EMA50 as support. Prices are now trading below this level switching our potential from bullish to bearish .
  • Bearish cross between EMA10 and EMA50.
  • Bearish RSI , trending lower.
  • Bearish MACD .
  • Monday's can be bloody (red).

With also have a "rising wedge" that is breaking down.

All these signals are pointing to lower prices.

We are active with a short on 10X.

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