Looking at Bitcoin on the 4H timeframe, the charts are saying that prices can easily move lower.
Right now EMA50 ($8602) is working as support while prices trade below EMA10 after a full red/bearish candle.
The indicators are bearish, RSI and MACD, while EMA100 and MA200 haven't been tested as support since early Jan.
If BTCUSD breaks below $8600 with good volume, we are likely to see $8320 followed by $7753.
Additional details can be found on the chart.
Feel free to leave a comment if you have any questions.
Thanks a lot for reading. :)
Namaste.
Right now EMA50 ($8602) is working as support while prices trade below EMA10 after a full red/bearish candle.
The indicators are bearish, RSI and MACD, while EMA100 and MA200 haven't been tested as support since early Jan.
If BTCUSD breaks below $8600 with good volume, we are likely to see $8320 followed by $7753.
Additional details can be found on the chart.
Feel free to leave a comment if you have any questions.
Thanks a lot for reading. :)
Namaste.
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🚨 FREE Quality Content + New Results
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t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content + New Results
(Frequent Discounts & Offers)
t.me/masteranandatrades/6172
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.