alanmasters

Bitcoin Blood! Even $33,000 Possible, Going To $40750 First!

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Yesterday we saw blood for the first time in a long while for Bitcoin ... Let's see what will happen next!
Hit LIKE now to get started!

Yesterday, we had a strong bearish candle where prices hit EMA21 at $47400.

Buyers bought and the daily candle closed back above EMA10 and EMA21, keeping the chart potential bullish .

Today, we see more blood with prices moving below EMA21 reaching $44845, the next target is now sitting at EMA50 or $40750.

Candle closure is needed for full bearish confirmation (the daily candle must close below EMA21).

It is still early in the day but Bitcoin had a massive run and it is normal to see a correction on this phase.
It is likely to see lower prices next.

The indicators are fully red.
  • The MACD is showing a bearish cross while the histogram has gone red.
  • The RSI is trending down strong and moved below 50 putting the bears ahead.

Just as yesterday's candle left a long lower wick, the same can happen today.

Waiting for candle closure is important for confirmation as the market is unpredictable and things can always change.
Remember to do your own research...

Where do you think Bitcoin is headed?
LEAVE A COMMENT!

Namaste.
🌐 ALAN MASTERS TRADES PREMIUM
The Best Altcoins Trades | Discount code 🔥85ofall
https://alanmasterstrades.com

➡️ Alts, Btc, FREE trades & More
https://t.me/AMTrades

🥇 Results
https://alanmasterstrades.com/results/

💬 CHAT http://alanmasters.chat

Comments

Have you taken into account the Kraken fiasco?
+2 Reply
EVEN 0$ IS POSSIBLE.EVERY THING IS POSSIBLE MAN...😁😁
+1 Reply
40k looks promising!
+1 Reply
Love your analysis. Are we still looking to go down or are waiting for a move bellow EMA21 to confirm?
Reply
Well done
Reply
Smashed it as usual!
Reply
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 Private Messages Chat Sign Out