$BTC #BTC #Bitcoin Price Update 11.09.2019
What to Expect today from Bitcoin.
Just to sum it up, on a Makro View we are still in a descending Triangle painting lower highs on large Timerames going Sideways with a narrowing Trading Range, which is tightening up, will be resolved in near future and due statistics a descending triangle is %-wise more likely to break to the downside.
Since reaching the high of 10950 Price is Trading in south directions, and sitting now below the 10 EMA on the Daily bounced today in the early hours of the 9800 support. Daily Stoch crossed down, RSI lost the EMA and heading again towards bearish control zone.
Looking at the H4 Chart the EMA Deathcross has been confirmed and it locks like bots and the algos already are playing it to the downside.
As Long as it stays below 10300-10350 and don't close any 4-hour candles above, I am not talking about reaching higher or even breaking the descending Trendline coming in around 10750.
I am not expecting Bitcoin to Fall through 9800 Support, it`s more likely that it will go sideways retesting the 200 EMA on the H4.
Be Smart when Entering any Bitcoin Positions right now, adjust your Risk Management to 600-700 USD Candles if you are trying to chose side.
Trade Safe
===========================
you can follow and copy my Trades on eToro
My Etoro Profile:
www.etoro.com/people/koboltradin...
Etoro Registration Link: etoro.tw/2Zuqk80
What to Expect today from Bitcoin.
Just to sum it up, on a Makro View we are still in a descending Triangle painting lower highs on large Timerames going Sideways with a narrowing Trading Range, which is tightening up, will be resolved in near future and due statistics a descending triangle is %-wise more likely to break to the downside.
Since reaching the high of 10950 Price is Trading in south directions, and sitting now below the 10 EMA on the Daily bounced today in the early hours of the 9800 support. Daily Stoch crossed down, RSI lost the EMA and heading again towards bearish control zone.
Looking at the H4 Chart the EMA Deathcross has been confirmed and it locks like bots and the algos already are playing it to the downside.
As Long as it stays below 10300-10350 and don't close any 4-hour candles above, I am not talking about reaching higher or even breaking the descending Trendline coming in around 10750.
I am not expecting Bitcoin to Fall through 9800 Support, it`s more likely that it will go sideways retesting the 200 EMA on the H4.
Be Smart when Entering any Bitcoin Positions right now, adjust your Risk Management to 600-700 USD Candles if you are trying to chose side.
Trade Safe
===========================
you can follow and copy my Trades on eToro
My Etoro Profile:
www.etoro.com/people/koboltradin...
Etoro Registration Link: etoro.tw/2Zuqk80
