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Bitcoin, Not So Fast Trolls... $16,500 Target Still In-Play!

Patience is key... Our $16500 target is still in-play for Bitcoin (BTCUSD).

Bitcoin broke bearish yesterday and we saw its price decrease by over $1200 after my previous trade idea...

We are now seeing a small bounce with the chart still looking bearish.

  • Notice that prices are still trading below EMA10, EMA21, EMA50, and EMA100.

  • The MACD is now below zero (0) and the RSI below 50, both bearish signals.

  • We have a bearish cross between multiple EMAs and when we look at the daily timeframe, prices are still trading below EMA10.


Patience is the key is what I always say...

As long as prices remain below EMA50, we expect to see even lower prices next.

Previous chart | Bitcoin To ~$16,500 Now Confirmed!
Bitcoin To ~$16,500 Now Confirmed!


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Thanks a lot for your support.

Namaste.
Not
New update for BTCUSD (Bitcoin) on the daily timeframe... Enjoy!

BTC $16,500 Double Confirm, Re-Confirmed, Multiple Confirmations
Not
It looks like the drop is about to gain momentum... Pretty good.

Other charts:

🅱️ Bitcoin Weekly First Support At $16,000
Bitcoin Weekly First Support At $16,000


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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.