Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Bitcoin (XBTUSD) is aiming lower on the 4H timeframe...
A clear break of EMA50 just took place and EMA100 followed, if prices for XBTUSD do not bounce back, they are very likely to move lower and test EMA300/MA200, as bear/red volume is starting to show up.
We have many bearish signals and a drop is already on... The bears are now in control. $8000 - $8100 Next.
Share your thoughts in the comments section.
Namaste.
Comment
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Previous analysis | Bitcoin Preparing To Go Lower (XBTUSD), $8000 or $7400?
Comment
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Waves Finds Support, Retrace Over? Next Target Mapped
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Request Network Strong Signal, Easy 60%+
LTCH20
BCHH20
XBTUSD
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JUST KEEP GOING
Stay focused.
Stay committed to your calling.
Give your everything at all times.
Remember to enjoy every moment.
Always carry the feeling of grace.
Be grateful for all the blessings.
Just keep going... There will be time to wonder as well.
Yep, as I said in my postings, all about the .618 fib level. If it rejects we go lower, if we penetrate we go parabolic, but it seems the whale cartel is keeping BTC in a bear cycle. If $8505 breaks we goto $7845. If it gets to there, kiss the bullishness goodbye as we still in the same .618 rejection bear cycle and prices could go to $5500 or lower.
BTCINVESTING
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not so deep down. in my view max 8k.
AlanSantana
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@btcinvests, Got it. Thanks for sharing.
BTCINVESTING
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@alanmasters, look at the yearly pivot ...
BTCINVESTING
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could be tested ...
AlanSantana
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@btcinvests, Looks like it will... Tomorrow's candle can be twice as big as today.
AlanSantana
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@btcinvests, That's the low for you?
BTCINVESTING
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@alanmasters, the yearly pivot will be tested. the bottom could be a bit higher. lets say 8200 or 8100. if we break pivot then we go deeper to around 7500 as lowest low, imo.
AlanSantana
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@btcinvests, Alright, thanks for letting me know... I see that many people are really bullish right now...
If we close below EMA10 today we are very likely to test EMA50 next...