alanmasters

Bitcoin | RED MONDAY (Support & Resistance)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
We are of the same view here with Bitcoin ( XBTUSD ) printing a lower high and now closing below EMA10... Prices can drop lower.

The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.

Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.

The immediate resistance is now at $9750 or the last high.
"Strong resistance" is found right above it in the $10,000 - $10,500 price range.

We go bullish above this level (10/10.5k), bearish below.

We are looking bearish on Bitcoin right now.

Namaste.
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