Bitcoin Short-Term | Next Target Mapped

18 May 2020

Here I am mapping the next move for Bitcoin (XBTUSD) short-term (4H).

• Prices tested EMA50 as support and close below EMA10, switching the potential from bullish to bearish.
  
• The MACD is showing a bearish cross.
  
• Bearish divergence is visible with the MACD and RSI.
  
• We've been expecting a drop since Bitcoin printed a lower-high.
  
  • Conditions for change
    If prices move and close above $10,000, the above signals become invalid and a new analysis is needed.
    
    Visit the trade idea below for Bitcoin Weekly | Bullish Vs Bearish Bitcoin (Mixed Signals or Mixed Feelings?)
    
    Feel free to leave a comment if you have any questions.
    
    Thanks a lot for your continued support.
    
    Namaste.
    
    
    

19 May 2020

Not

Update (still bearish short-term)

19 May 2020

Not

Looks like a big one incoming...

20 May 2020

Not

Enjoy the profits...

ADAM20

LTCM20

EOSM20

BCHM20