alanmasters
Short

Bitcoin Looking Down To Retest $9000 (Key Support Levels)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD 4H) hit a top at $11120 and is now looking down... Feel free to hit like to get started...

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 RSI and MACD are also bearish and trending down.
  • Low trading volume .


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
2) $9400
3) $9000

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.

Namaste.
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