BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin ( XBTUSD ) on the daily timeframe remains bearish .

1) Yesterday we have the drop and closure below EMA10, confirming all the bearish signals we looked at before the drop.

2) If prices don't increase by 00:00 UTC , we will be looking at an inside bar ( bearish ).

3) EMA50 and EMA100 haven't been tested yet and we have prices aiming lower.

4) Trading volume dropping.

5) ALTSBTC Pairs Booming

6) The MACD is trending down but the RSI remains strong.

This chart is looking straight red for me... What's your take?

Please share in the comments below.

Namaste.
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Comments

awsome work
+1 Reply
alanmasters CryptoCheck-
@CryptoCheck-, Thanks.
Reply
Idk. I think another dump to mid 8000s is pretty likely and historically a big percentage drop seems to happen right before a climb especially after a long uptrend. Just a gut feeling though. Who knows.
+1 Reply
alanmasters m00n_man
@m00n_man, Sounds about right... Thanks for sharing.
+2 Reply
m00n_man m00n_man
@m00n_man, so yes bearish on the daily
Reply
Prices are still good
+1 Reply


Im still bearish. :) nice chart, Alan!
+1 Reply
alanmasters jurytrades
@jurytrades, Thanks for sharing.
+2 Reply
I think the weekly close will be important. I am neutral (out of my positions)
Reply
thanks for the bearish side of view
Reply
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