alanmasters
Short

Bitcoin Moves Lower, Aiming At $8,000 On The Daily

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It is no secret that Bitcoin is dropping now... Many altcoins continue to grow...

Bitcoin ( BTCUSD ) just broke below EMA10 and is aiming at $8000 - $8100 next.
This price range coincides with EMA100 (purple) and EMA50 (yellow)... This looks like just the beginning of the drop .

The MACD is looking bearish as well as the RSI .
We were expecting this drop as we got a clear signal on the 19-Jan.

The next target is red.

Namaste.
Comment: Previous analysis | Bitcoin Can Easily Drop From Current Prices | $8320 Followed by

Previous analysis | Bitcoin Prints A Bearish Signal, Time To Drop?
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Comments

I think fractal is in play from last bear market remember ?
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@skyfulton, What date and timeframe are you looking at?
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skyfulton alanmasters
@alanmasters, you posted this before where we had ihs pattern 9th june 2018 daily chart we got hammerd like around this time i am very berish till the trend changes. Really changes
+1 Reply
@skyfulton, Ok. Thanks a lot for sharing.
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Yea patiently waiting for cheap cheap prices :)
Reply
alanmasters Cryptalion
@Cryptalion, Thanks for sharing.
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