Looking at the 4H Scale/Time Frame, Bitcoin ( BTCUSD ) is showing all the signals of an upcoming strong drop ... Monday might get quite bloody.
- We have a breakdown of EMA10 and EMA50, main and strong support.
- The and are also and trending down.
- Low trading .
Bitcoin Support Levels
If Bitcoin is to continue moving lower, this is where support will most likely be found before the next move.
1) $10,000 - $9,800
Conditions for change: If Bitcoin closes above $10630 on the daily time frame, the above signals are invalidated and a new analysis is needed.
Thanks a lot for your support.
Courtesy of Alan Masters... Wishing you enjoy it...
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