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TiborVrbovsky
Sep 21, 2020 1:48 PM

Bitcoin is going either to $11.000 or $10.000 from here. 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin is testing the uptrend line from which is very likely to either retest $11,000 or fall to $10.000.

The 50 and 20 EMA's are in uptrend, but if the uptrend line gets broken, they will be in a downtrend.
200 and 50 EMA's are still in downtrend.
RSI is below 40, bearish.
MACD continue with a selling wave.

I will update this idea, when it's more clear if the price is going to 11k or 10k.

Until then,
Tibor

Comment

Price of Bitcoin broke below the uptrend line, but has found a significant support at $10.280 which is one of the key support levels in the analysis above. The fact that Bitcoin broke above $10.430 means retest of $10.600
Comments
fmoralesotero
yeah its either going up or down. Or maybe sideways. Follow me for more TA.
TiborVrbovsky
@fmoralesotero, No sideways this time.. you dont have any ideas on your account.
Tulip06
I watch many traders,you are one of the best.
TiborVrbovsky
@Tulip06, Such a heart warming comment, thanks a lot friend! Stay tuned for more.
PolarHusk
NiceJobToday
Brain_haddin
Nice work++
TiborVrbovsky
@Brain_haddin, Thanks!++
VincePrince
Great idea
TiborVrbovsky
@VincePrince, Thanks!
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