alanmasters

Bitcoin Aims At $8110? Final Call

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) continues to print lower highs with indicators ( RSI and MACD ) going bearish .

Now that prices are once more going below EMA10 after a lower high, we are likely to test the next support... Meaning, EMA50 will break, and EMA100 at $8110 will be tested.

If prices bounce, the orange trendline needs to be conquered first before additional up.

This drop has been taking form for days now... This is our final call.
Thanks a lot for your continued support.

Namaste.
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Previous charts:

πŸ…±οΈ Bitcoin Support Levels (4H Timeframe)

β­οΈπŸ…±οΈ Bitcoin Drop Takes Form (Support Levels + Signals) 1111

πŸ…±οΈ Bitcoin Peak Prices Since All-Time High @$20000 (Lower Highs)

πŸ…±οΈ Bitcoin Drop Starts Now?
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Comments

Looks like a lot of interest at 7535 area also
+1 Reply
alanmasters mundolicious
@mundolicious, That's around MA200 on the 4H Timeframe...
Reply
I think we need to take in account miners not selling the freshly mined coins? Supply therefore low and even with low demand volume you can have upwards pressure.
Reply


great analysis ;)
looking my chart
Reply
alanmasters CRFXTrading
@CRFXTrading, Looks pretty nice... Thanks a lot for sharing. πŸ˜ŠπŸ™πŸ»

Namaste.
Reply
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