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AlanSantana
Apr 8, 2022 11:15 PM

Bitcoin | Support Levels + Altcoins Short

Bitcoin / U.S. dollarBitstamp

Description

Rejection took place right at MA200, very bad signal.

Today EMA50 is being lost as support.

Bitcoin is aiming lower...

Here are the more important support levels to look for on this drop:

$40,590 (Not likely to hold).
$38,788 (Strong support).
$36,220 (Likely to be tested on a wick).

This is short-term...


Altcoins

All is good with the Altcoins vs Bitcoin pairs (minus top ones which follow Bitcoin).

They can correct for weeks and then resume growing.

Check my previous articles for more information on how things will go:

Bitcoin Daily FULL Analysis | Back To Basics (+Altcoins)
(Relevant now... read "My view" part.)


-----
Bitcoin Monthly | RSI and MACD (Enjoy The Altcoins While We Can)


Enjoy your weekend.

Namaste.

Comment

First level hit...

$40,590 (Not likely to hold). | HIT
$38,788 (Strong support). | Coming next...
$36,220 (Likely to be tested on a wick).
Comments
maxbennett02
AVAX bitte
OxbadOded
yeah but allot of the Bulltardistans ignored the general market especially the S&P index. They ignored inflation, ignored fed hikes, ignored recession, war and the list goes on.
JT0422
@OxbadOded,
you don't sound smart with your descriptions of those who don't share your opinion / position..
- How do you sound??
You could answer that question far better than most, given your likely long list of negative words and thought.
Death86
@OxbadOded, and so did bitcoin. Every beartardistans we’re screaming btc to 20k because of all that when we were at 35k
AlanSantana
@Death86, Longer-term...

bed87
Quick analysis for GRT coin please?
bed87
Looks as if "Not likely to hold" is HOLDING! Haha
Vibranium_Capital
Not a bad analysis
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