alanmasters

Bitcoin To $43K & Possibly Lower

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Yesterday Bitcoin closed below EMA10 after a lower high, this is bad news based on my EMA analysis.

We are sure to hit EMA50 or much lower, EMA100 ($36000) if BTCUSD closes today (4-March) below $47800 or EMA21.

Conditions for change
Any close below EMA10 would be strongly bearish , to see change, we would have to see prices moving up and closing above EMA10 ($48400).

Indicators
The RSI and MACD both support lower prices.

The Altcoins are growing while Bitcoin corrects as we mentioned... Thanks a lot for your continued support.

Namaste.
Comment: Here is BTCUSD on the 4h timeframe:
- We have the bearish cross on the MACD and bearish RSI.
- We can see that the current price is trading below all the EMA lines.
- We have a lower high after EMA200 was tested, this signal that the next level, EMA300 or lower can be tested next.

These are bearish signals coming from the above chart.
Comment: Final call before lower prices...

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Comments

"The Altcoins are growing while Bitcoin corrects as we mentioned"
alts are bleeding rn.
+5 Reply
alanmasters saynab44
@saynab44, We trade altcoins vs bitcoin, we are seeing massive numbers.
Reply
saynab44 alanmasters
@alanmasters, what do you mean? I am a newbie. Would you kindly elaborate it further?
Reply
alanmasters saynab44
@saynab44, That the pairs we are looking at are growing in value.

Most of the altcoins are growing when you look at the trend.

They've been printing higher highs and higher lows.

That's growth even if you are looking at a correction or retrace.

Many bottomed out last year, a while ago already.
+3 Reply
castian alanmasters
@alanmasters, I believe @saynab44 is just looking at today. If focusing just on today than yes ALTBTC pairs are bleeding. However if you look at the larger picture, starting Jan 1 ALTS have made massive gains on BTC. I tend to also focus on the present way more than I should, When in doubt, zoom out.
+1 Reply
@castian, Good suggestion, thanks for sharing.
Reply
We need this correction for our alts to fly !!
+5 Reply
alanmasters jgitrade
@jgitrade, True.
Reply
@jgitrade, Agree, the majority of Alts look to be putting in lower highs as well.
+1 Reply
alanmasters TheKitchenTrader
@TheKitchenTrader, Today we are starting the day strong as well, looks like we are going to be seeing some great GREEN numbers this weekend.
Reply
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