TradingView
AlanSantana
May 28, 2019 4:22 PM

Bitcoin Starts To Retrace, Aims at $8210 Before $9999 Short

COINBASE:BTCUSD240
Bitcoin / United States DollarCoinbase

Description

⋅
Bitcoin is showing signs of a retrace:

  • Moving below EMA10.
  • Bearish divergence on the MACD and RSI.
  • MACD Bearish cross.


Conditions for change: If Bitcoin (BTCUSD) moves up and closes above the last peak $8947, the above signals are invalidated.

Thanks a lot for reading.

Namaste.

Comment

⋅
(Here we are looking at Bitcoin short term, yet below you can find some indicators as for a different/longer view).

BTC fractal May-June 2018 and the situation is now.
In favor of the fall:

1) The growth of the market without corrections is observed since February.
2) 4 green candles in a row on the monthly chart.
3) Two unclosed gaps on SME
4) Futures expiration on May 31st.
5) RSI shows a bearish divergence.

Thanks, @SpartaBTC for sharing.

Comment

⋅
So far going down yet still looking strong.

Bitcoin (BTCUSD) is holding really good. Remember that this is a short term analysis, we are super bullish longterm.

We continue aiming for EMA10 on the daily time frame, or EMA50 on the 4H chart:

D:


4H:

Comment

⋅
[B]Altcoins doing their magic...

Pundi X (NPXSBTC) +40%


Nucleus Vision (NCASHBTC) +11.11%


Komodo (KMDBTC) +15%


BitTorrent (BTTUSDT) +210%


Bitcoin SV (BSVBTC) +33%


AdEx (ADXBTC)(76% Trade)


Everex [EVXBTC](236% Trade)


openANX [OAXBTC](156% Trade)

Comment

⋅
We also have charts for Bitcoin Cash and Cardano, take a look below:

Bitcoin Cash ABC (BCHABCBTC)


Bitcoin Cash (BCHM19) on BitMEX (+18% ROE)


Cardano (ADABTC)


Cardano (ADAM19) on BitMEX (+47% ROE)

Comment

⋅
We are also showing profits for the following altcoins pairs, XRPBTC, TRXBTC, XRPM19, and TRXM19...

TRON (TRXBTC) Trade


TRON (TRXM19) on BitMEX (+114.9% ROE collected)


Ripple (XRPBTC) Long Term


Ripple (XRPM19) on BitMEX (+96.3% ROE collected)

Comment

⋅
The S&P 500 Index Goes Lower Today?!

Comment

⋅
Skycoin (SKYBTC) Bullish Chart Setup

Comment

⋅
Bitcoin Shows Strength, No Weakness... What Comes Next?

Comment

⋅
Latest update:
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCUSDxbtbitmexbitfinexalanmastersbinancebittrex
Comments
Pab777
⋅
Tashi Delek thanks a lot
AlanSantana
⋅
@Pab777, My pleasure. :)
Nilles
⋅
Thanks for your chart @alanmasters , i personally think we will correct around 30% to point A.

AlanSantana
⋅
@Nilles, I really like your chart. I can agree with your view, it all depends though on how it all goes on a daily basis, the strength we are seeing lately I rather go step by step rather than doing any long predictions.

Thanks a lot for sharing.
SpartaBTC
⋅
BTC fractal May-June 2018 and the situation is now.
In favor of the fall:
1) The growth of the market without corrections is observed since February.
2) 4 green candles in a row on the monthly chart.
3) Two unclosed gaps on SME
4) Futures expiration on May 31st.
5) RSI shows a bearish divergence.
AlanSantana
⋅
@SpartaBTC, Thanks for sharing.
ReallyMe
⋅
It is worthwhile to check the shape and inclination of the wave combs:
AlanSantana
⋅
@ReallyMe, Thanks a lot for sharing.
ReallyMe
⋅
@alanmasters, You're welcome.
Pab777
⋅
And emerging assets are going are sold during crisis on stocks btc is not safe heaven
Thanks for reminder
Best
More