We are looking at a potential head & shoulders pattern which together with other signals confirms a bearish Bitcoin.
Right now we have prices moving below EMA10 for BTCUSD on increasing volume.
The MACD has been trending lower and lower giving out multiple signals in the form of bearish divergence.
The RSI is trending down strong.
All these signals...
BTC Tuesday!
Bloody or Eufory?
Still an exciting moment for BTC, the Bulls are not able to independently rise further, the last push is needed from a Whale it seems!
Yet BTC relies on a strong R / S level! if it continues there, the lower zones are quickly within reach!
Be safe, with Alts is the advice
At this point of time it seems this MARKET is getting loose and putting BULLS UNDER PAIN
Looking for some RETRACEMENT to initiate SHORT. Ideally a retracement towards the levels of 11620-11520 will make it a very HIGH RR "SHORT"
Also the level of 11330 can act as very STIFF RESISTANCE
TARGET: 10330/10150
We've been looking at Bitcoin but keeping our focus 100% on the Altcoins...
Here are the questions that continue to come up:
1) What will happen to the Altcoins if Bitcoin crashes?
2) Will there be a new Altcoins bull run?
3) If yes, to question #2, when will it happen?
4) How are you doing Alan Masters?
Ok... Let's get to it.
First, I've given...
We looked at the mixed signals for Bitcoin (BTCUSD) on the 4H timeframe... Now let's look at the daily and see what we have.
We still have some mixed signals here since we are technically bullish above EMA10... But we have many signals developing that tells us a drop can come next.
Let's get started right away.
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1) Let's start by looking at the blue lines...
![BTCUSD: #BITCOIN IS NOW SELL ON RISE [TARGET 10330-10150]](https://s3.tradingview.com/2/2WRyyNAg_mid.png "#BITCOIN IS NOW SELL ON RISE [TARGET 10330-10150]")
![BTCUSD: [Positional] BTCUSDT Short Idea](https://s3.tradingview.com/q/qmkxl2jn_mid.png "[Positional] BTCUSDT Short Idea")
