Bitcoin To ~$16,500 Now Confirmed!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
It is now looking more and more likely that Bitcoin ( BTCUSD ) is headed towards ~$16,500 on the next bearish move.

This move has been in the making since late November and recently we are getting additional confirmations from the charts.

Here we are looking at Bitcoin Daily and we can see prices moving below EMA10...
EMA10 has been holding strong for the entire bull-run but now it is starting to fail.

Since EMA21 ($18300) has already been tested, as I mentioned before, the next support to be challenged right below it is EMA50 which is now sitting at $16,500+.

We can also see bearish divergence with both the MACD and RSI after the late November bearish move... Remember that these signals become stronger when it shows up on both indicators.

Confirmation is also coming on the weekly chart.
Check back for my Bitcoin Weekly analysis update.

Leave a comment and/or like if you enjoyed this content or would like to show your support.

Comment: This is not financial advice.

Make sure to do your own research before trading.
It would be unwise to make a trading decision based on a headline or single article.

All the information that I share here is intended only for your own learning and/or entertainment.

We are all adults here.

Thanks a lot for your amazing support.

Comment: Thank you all for the amazing support, truly appreciated.
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Nothing is decided yet. I hope you understand your responsibility and possible market effects posting such direct headlines and ideas.
+15 Reply
BigCoinGuy Barrabert
@Barrabert Taking a dip isn’t necessarily a bad thing... gives chance for bulls to reload their bags and go for higher highs. Prices go up and go down keeping a healthy balance.
+6 Reply
Barrabert BigCoinGuy
@BigCoinGuy, You are right about this, I agree. The direction practically doesn't matter. I was talking about a responsibility showing such direct headlines. Nobody can be sure in this situation, where the prices will go and some people can be hurted later reading it and trading adequately. Otherwise thank you for the answer.
+5 Reply
alanmasters Barrabert
@Barrabert, You would be very stupid to trade based on a headline... I certainly recommend that you do your own research and trade at your own risk.

This is in no way any trading advice.

This is just me reading the chart.

Whatever you make of this, it is not my problem.

You are responsible for your own actions, please keep that in mind before selling your house.

+35 Reply
sriz16 alanmasters
@alanmasters, Support you Alan ., Namaste.

I fail to understand why people take your ideas so seriously? those are your thoughts, your point of views., they could work out sometimes and sometimes they don't., why cant people just take it as an education to learn the patterns rather than pouring useless emotions on your thoughts as if you're responsible. I feel sorry for those cheap mindsets why blame you for their actions.,

people should feel lucky to have you., who's able to decode things in a much simpler way to learn about this space and for FREE most of your ideas. at least i am lucky to know you, I learned a lot. thanks,

I fully support you, Namaste , take care friend., breathe in and breathe out. peace
+5 Reply
@sriz16, 😄😄😄 Your support is much appreciated... I am always deep breathing while sitting here in front of the computer... Also in the Lotus Posture.

These people, some are just hurt and looking for someone to blame.

Some have an open trade and believe that I am making them lose money.

Some have vested interests... Many are jealous.

Others made a mistake and can't take responsibility for their own actions.

There are many reasons but this is only them...

We do give them some energy for entertainment and to make things clear but the majority, 95%+, know pretty well that this is educational content that should be used as a tool for whatever they want.

Thanks again for your support.

+8 Reply
aviery alanmasters
@alanmasters, he most certainly will never trade on your headline or any other headlines since he is the one who pointed out about the need to be careful with headlines and its responsibilities. gosh, you are being overly defensive. you preach inner peace and all that namaste in your posts yet you cannot even see his advice is coming from a friendly angle. from the way your replies are, it most certainly will suggest you are not one who will be responsible with your actions. it is truly disappointing.
+5 Reply
@aviery, Don't get too disappointed or you might get depression. 😁😄😜

Again, no worries you will survive.
+2 Reply
rigosbox alanmasters
@alanmasters, What are you saying! I just stopped paying my health insurance and mortgage based on this chart!!!! Please don’t tell me that you are wrong after stopping all payments. OMG
+4 Reply
rigosbox rigosbox
@rigosbox, ahahahahahahahaha
+2 Reply
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