Bitcoin has gone below the 21 Day EMA, tried to push back up but got rejected.
Bitcoin also got rejected at the 23.6% Fib level and was not able to push back up.
If Bitcoin does not find support at the 50 Day EMA, the likelihood of it dipping further down will be high.
If Bitcoin dips further down, the 200 Day EMA and the 61.8% Fib level could be the next targets.
Downside Price Targets:
1. $20,672
2. $18,422
Waiting for breach of the Blue Bar and confirmation prior to going short.
MACD has lots of room going toward the zero percent level.
RSI is below the 50% level.
More power to your trades, my friends!
Ron
Intrepid_Trader
Bitcoin also got rejected at the 23.6% Fib level and was not able to push back up.
If Bitcoin does not find support at the 50 Day EMA, the likelihood of it dipping further down will be high.
If Bitcoin dips further down, the 200 Day EMA and the 61.8% Fib level could be the next targets.
Downside Price Targets:
1. $20,672
2. $18,422
Waiting for breach of the Blue Bar and confirmation prior to going short.
MACD has lots of room going toward the zero percent level.
RSI is below the 50% level.
More power to your trades, my friends!
Ron
Intrepid_Trader