Bitcoin (BTCUSD) broke and closed below EMA10 ($9278) and is now moving below EMA50 ($9191)... This can tell us that we might be looking at more red.
If we go by the EMAs, the next support is sitting at $8956 or EMA100, the purple line. If this level fails, MA200 at $8473 goes next...
Volume is still low and this move needs time to develop. If the bears fail to gain momentum and prices move back above EMA10 ($9278), we would switch from bearish to bullish... For now, we see Bitcoin going lower.
While Bitcoin goes lower the altcoins (all altcoins minus top10) can start/continue to grow and continue to generate great gains.
Leave a comment with your thoughts.
Namaste.
If we go by the EMAs, the next support is sitting at $8956 or EMA100, the purple line. If this level fails, MA200 at $8473 goes next...
Volume is still low and this move needs time to develop. If the bears fail to gain momentum and prices move back above EMA10 ($9278), we would switch from bearish to bullish... For now, we see Bitcoin going lower.
While Bitcoin goes lower the altcoins (all altcoins minus top10) can start/continue to grow and continue to generate great gains.
Leave a comment with your thoughts.
Namaste.
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🚨 The difference between weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd 👉 t.me/lamatrades/4
💥💥💥80% Discount until 31-May
t.me/masteranandatrades/6166
🏆 TOP Results
t.me/anandatrades/1183
💥💥💥80% Discount until 31-May
t.me/masteranandatrades/6166
🏆 TOP Results
t.me/anandatrades/1183
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.