After hitting a $45,850 price peak 10-Feb., Bitcoin is looking bearish on the 4h timeframe.
Right after this peak was hit we have multiple bearish candles breaking support after support.
Conditions for change
These signals are coming out of a short-term timeframe, things can change fast.
If BTCUSD closes 4h above ~$43,150, this analysis is invalidated.
Feel free to leave a comment with your thoughts.
Namaste.
Right after this peak was hit we have multiple bearish candles breaking support after support.
- The MACD has gone below zero, which favors the bears.
- Trading below EMA50/EMA10.
- RSI trending down/below 50.
Conditions for change
These signals are coming out of a short-term timeframe, things can change fast.
If BTCUSD closes 4h above ~$43,150, this analysis is invalidated.
Feel free to leave a comment with your thoughts.
Namaste.
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