🅱️ Bitcoin Daily, MA200/EMA50 Tested (What Happens Next?)

May 10, 2020

If you've been paying attention you know what happens next!

Bitcoin (XBTUSD) broke below EMA10... This signal only confirms when the daily candle closes.

Below EMA10 Bitcoin can easily go lower, especially if the trading volume continues to increase.

Today's drop is already high volume with a big red candle.
This candle has a long-wick and the daily close will confirm the final signal.

We are likely to see more drop and we have been expecting this for a while.
So it is no surprise since Bitcoin grew from ~$3500 to $10,000+... Now we will have a bearish wave for Bitcoin while the Altcoins grow.

Bitcoin (BTCUSD) 4H Timeframe + Altcoins Market Update
RED Bitcoin Easily, Money Flow To Altcoins, 2020 Halving?

Namaste.

May 11, 2020

Note

Bitcoin Weekly (W) Update