Bitcoin (BTCUSD) has been facing resistance around the $14,000 price level... If this level isn't conquered fast Bitcoin's prices can drop.
Here we have a higher high on BTCUSD, yet we have a lower high on the RSI, marking bearish divergence.
The MACD looks like it peaked and it is starting to trend lower:
NOTE: The technicals are still bullish, prices trading above EMA10 for example but the above are what I call "early-signals"...
The RSI is also trending lower now.
This is the daily timeframe and Bitcoin remains above EMA10 and EMA50, which means that the bulls are still in control.
But if $14,000 can't be taken out and we prices starting to drop, we are likely to see a test of $12100+ or even lower...
Let's have a closer look at the 4H timeframe for more...
(Hit LIKE and leave a comment if you would like to see the 4H timeframe chart analysis).
Namaste.
Here we have a higher high on BTCUSD, yet we have a lower high on the RSI, marking bearish divergence.
The MACD looks like it peaked and it is starting to trend lower:
NOTE: The technicals are still bullish, prices trading above EMA10 for example but the above are what I call "early-signals"...
The RSI is also trending lower now.
This is the daily timeframe and Bitcoin remains above EMA10 and EMA50, which means that the bulls are still in control.
But if $14,000 can't be taken out and we prices starting to drop, we are likely to see a test of $12100+ or even lower...
Let's have a closer look at the 4H timeframe for more...
(Hit LIKE and leave a comment if you would like to see the 4H timeframe chart analysis).
Namaste.
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alansantanatrades.com
🔥 New Lowest Pricing Ever ➖ Easy PREMIUM LIFETIME Access
lamatrades.com (Since 2017)