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 , to see change, we would have to see prices moving up and closing above EMA10 ($48400).
The and both support lower prices.
The Altcoins are growing while Bitcoin corrects as we mentioned... Thanks a lot for your continued support.
- 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.
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.