alanmasters

Bitcoin Moves Lower, Aiming At $8,000 On The Daily

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
It is no secret that Bitcoin is dropping now... Many altcoins continue to grow...

Bitcoin ( BTCUSD ) just broke below EMA10 and is aiming at $8000 - $8100 next.
This price range coincides with EMA100 (purple) and EMA50 (yellow)... This looks like just the beginning of the drop .

The MACD is looking bearish as well as the RSI .
We were expecting this drop as we got a clear signal on the 19-Jan.

The next target is red.

Namaste.

Previous analysis | Bitcoin Can Easily Drop From Current Prices | $8320 Followed by

Previous analysis | Bitcoin Prints A Bearish Signal, Time To Drop?
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Comments

You don’t think it will find support around the 8170 to 8280 mark and head north again?
Reply
alanmasters whaitaonga
@whaitaonga, I think it will go lower mid-term.
Reply
Does any tech. Sma. Ema. Even. SR really matter......
It's Bitcoin..its. to 5000 then 30000....for Easter
Enjoy dudes
Reply
alanmasters macker2479
@macker2479, Yup... None of it matters if you already have a plan/strategy... Thanks for sharing this with us.

Namaste.
Reply
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