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AlanSantana
May 31, 2020 6:24 PM

Bitcoin | RED MONDAY (Support & Resistance) 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

We are of the same view here with Bitcoin (XBTUSD) printing a lower high and now closing below EMA10... Prices can drop lower.

The immediate support is sitting at $9333 or EMA50, this is the next level to look at if Bitcoin moves lower.

Followed by $9174 or MA200.
Additional support levels are marked with blue dashed lines.

The immediate resistance is now at $9750 or the last high.
"Strong resistance" is found right above it in the $10,000 - $10,500 price range.

We go bullish above this level (10/10.5k), bearish below.

We are looking bearish on Bitcoin right now.

Namaste.

Comment

We've entered the bullish zone!

New update soon...

Thanks a lot for your continued support.

Comment

No need for update any more...
Comments
PolarHusk
great idea, thanks for sharing
XE13ST00P
Confucius-The-Great
Hey Dear Master!

I agree on your view of BTC.

I just made my first BTC analysis in months!

Enjoy!

AlanSantana
@Confucius-The-Great, I'll have a look, thanks for sharing.
Paraibaworldtrades
I would wait with that. Namaste
AlanSantana
@naim01, I saw the monthly... Even on a bullish close next month, June can start bearish and end bullish...

What's more important now is the $10/10.5k resistance...
Paraibaworldtrades
@alanmasters, True Brother thats right, but we can’t forget that we already testing our golden pocket 3 times. If they start some fuckery the will fill the gap at 11.8 and than go down to fill the gap at 7.6. we need to keep in mind that we are still trading an diamond pattern in higher timeframes..
Astronautica
@naim01, Is there a certain timeframe that a gap has to be filled? I know nothing about that financial instrument
sergioalejandropena
thanks Alan
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