Recently we looked at Bitcoin (XBTUSD) short-term on the 1H timeframe, the chart was looking bearish.
Here we have BTCUSD on the 4H timeframe and the bearish bias is gaining a bit of momentum now, still developing.
Prices broke below EMA10 with the next target sitting at $8334 or EMA50.
It is still early on this drop and the trading volume is still low but, this is likely to go below EMA50 or even lower.
We remain open to seeing the markets/charts change at any and all times, that is why we always have a plan/strategy in place BEFORE we decide to trade.
Your support is truly appreciated once more.
This is not financial advice.
Namaste.
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Previous analysis: 🅱️ Bitcoin Drop Takes Form (Support Levels + Signals) | 1111
Here we have BTCUSD on the 4H timeframe and the bearish bias is gaining a bit of momentum now, still developing.
Prices broke below EMA10 with the next target sitting at $8334 or EMA50.
It is still early on this drop and the trading volume is still low but, this is likely to go below EMA50 or even lower.
We remain open to seeing the markets/charts change at any and all times, that is why we always have a plan/strategy in place BEFORE we decide to trade.
Your support is truly appreciated once more.
This is not financial advice.
Namaste.
-------
Previous analysis: 🅱️ Bitcoin Drop Takes Form (Support Levels + Signals) | 1111
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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.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
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.