Bitcoin Support Broken, What Happens Next?

Bitcoin / DollarBitfinex

Description

⋅ May 21, 2020 1:27 AM

Here we have Bitcoin (BTCUSD) on the 12H timeframe, multiple bearish signals are coming in.

First, we have a clear break below EMA10.
Second, above-average volume on the break of support.

If BTCUSD fails to move quickly above EMA10, the chances for it to continue lower increase dramatically.

This setup here is bearish but we still have a higher low compared to the 15-May... In just a few more candles the picture will be as clear as day.

Namaste.

Bitcoin Going To... 100% Original EMAs Analysis |$10800 or $8000

Comments

averkie_skila

⋅ May 21, 2020 2:39 AM

8200-7800

AlanSantana

⋅ May 21, 2020 6:51 AM

@averkieskila, The view looking clear now.

crypto_jogja

⋅ May 21, 2020 3:09 AM

I set my TP at 8400 :)

AlanSantana

⋅ May 21, 2020 6:51 AM

@patrixsk, Thanks for sharing.

Darkside999

⋅ May 21, 2020 2:07 AM

Its already clear. We are going down

AlanSantana

⋅ May 21, 2020 6:51 AM

@wildbeast, Thanks for sharing.

biohacker8

⋅ May 21, 2020 6:23 PM

Master thankyou so much for this analysis.... I made some profit all because of u thanks alot

AlanSantana

⋅ May 21, 2020 6:26 PM

@biohacker8, I am happy to read this. Thanks a lot for the comment and support.

Keep up the great work.

Namaste.

sidhabdn

⋅ May 21, 2020 4:38 PM

Thanks Master

AlanSantana

⋅ May 21, 2020 6:26 PM

@sidhabdn, Thanks for the continued support. :)