A strong drop followed after BTCUSD closed below MA200 back on 2-Sept.
Prices dropped from ~$11600 all the way to $9800+.
- Today we have a rejection at MA200 on the 4H chart...
- We have a cross on the .
- divergence between BTCUSD and the .
- And prices breaking below EMA10.
This move is just shaping up but I am seeing lower prices.
I don't want to let my bias get in the way so let me tell you that this current candle is yet to close.
As no came in when MA200 was hit and prices are moving below EMA10...
We will take the signal and call it a drop, but if BTCUSD moves and closes above MA200/EMA10, we can see more up.
Overall, I am getting a sentiment with a strong signal in early August and a has been taken off.
We will see lower prices... Yes or No?
Share with us in the comments section below.
By request, here you have my support levels/targets.
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A higher low between above and below the EMA21 is the bearish signal:
The fact that EMA21 is being tested tells me that momentum is being lost... The volume has been really low all throughout as well.
Thanks a lot for your comment.
Thanks a lot for sharing.