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We will keep this one short and simple.
This is the weekly (W) timeframe for Bitcoin ( BTCUSD ).
The week still has two more days to go but we are seeing the current price below lasts week's low, which is set at $18100.
The current price is also lower than the week before last week's close, which is set at $18192. This is the candle with the #9 on top.
This doesn't look good.
If Bitcoin closes this week below the prices mentioned above, we will see EMA10 tested, in the least, meaning $16000.
The RSI & STOCK are clearly trending lower:
The ascending channel is also being broken.
Watch out, Bitcoin can easily move lower.
Namaste.
This is the weekly (W) timeframe for Bitcoin ( BTCUSD ).
The week still has two more days to go but we are seeing the current price below lasts week's low, which is set at $18100.
The current price is also lower than the week before last week's close, which is set at $18192. This is the candle with the #9 on top.
This doesn't look good.
If Bitcoin closes this week below the prices mentioned above, we will see EMA10 tested, in the least, meaning $16000.
The RSI & STOCK are clearly trending lower:
The ascending channel is also being broken.
Watch out, Bitcoin can easily move lower.
Namaste.
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The Best Altcoins Trades | Discount 🔥90END
https://alanmasterstrades.com
➡️ Alts, Chars & FREE trades +Telegram
https://t.me/AMTrades
📊Join Me on Binance!
https://bit.ly/39Eu3qN
💬 CHAT http://alanmasters.chat
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