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AlanSantana
May 15, 2020 1:44 PM

Bitcoin Aiming Lower, Next Move Mapped 

BITMEX:XBTUSD.P240
Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

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Here I've mapped the Bitcoin (XBTUSD) chart for you.

  • First, notice the trendlines...
  • We have a lower high.
  • EMA10 being challenged as support.
  • Indicators trending down.
  • Bounce completed.


This setup can easily lead to lower prices.
Make sure to have a plan if you decide to trade.

This is not financial advice.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisalanmastersbitmexaltcoinscryptoBitcoin (Cryptocurrency)xbtXBTUSD
Comments
Ralferator
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What do you think about Altcoins - will they fall too or stay stable while Bitcoin Dominance falls?
AlanSantana
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@Ralferator, Stable/growth.
Ralferator
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@alanmasters, Thank you!
sidhabdn
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Thanks Master
AlanSantana
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@sidhabdn, My pleasure.
mbarchies
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not sure: yesterday and today two big sell orders were absorbed on bitstamp with almost not damage.
AlanSantana
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@mbarchies, Thanks for sharing.
gustavopagan
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Hey, I think it is forming a cup and handle, what do you think?
Valeriia_Top
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I don't understand why we're going to grow up now.
But in a month's time, I think it'll look logical.

BTCINVESTING
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ah. and btw. did you see the gap closing. :-)

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