Bitcoin Likely To Move 1 Level Lower Short

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

⋅ Jun 27, 2020 12:52 AM

Bitcoin (XBTUSD) continues to print weakness while many altcoins are printing strong charts vs Bitcoin... We are likely to drop.

On this chart we have the MACD going below zero while the RSI is now below 40, both looking bearish.

Prices managed to close below EMA10, EMA50, and EMA100.
We also have multiple lower highs...

Even on a bounce, strong resistance is still ahead.

Bitcoin is likely to drop... What's your take?

Namaste.

Comment

⋅ Jun 27, 2020 8:25 PM

Previous charts | Jun 21

Jun 17

Jun 2

Comments

PurpleCrypto

⋅ Jun 27, 2020 1:11 AM

Increadible how your indicators are starting look so similar to mine. Lol.

AlanSantana

⋅ Jun 27, 2020 3:29 AM

@PurpleCrypto, Thanks for the chart, it looks pretty good.

I also love the choice of color on your username.

Namaste.

Confucius-The-Great

⋅ Jun 27, 2020 10:53 AM

I agree master. EMA 50/55 on the daylie chart historically is doom. GG. Game over. At least since 2017.

Short it like mad.

StrmbladeStrm

⋅ Jun 27, 2020 3:20 AM

thank u alan. ım longıng

AlanSantana

⋅ Jun 27, 2020 3:28 AM

@StrmbladeStrm, What's your target?

StrmbladeStrm

⋅ Jun 27, 2020 5:44 PM

@alanmasters, joke.ım out of alts.in btc wıth sl

Biduoduoduo

⋅ Jun 27, 2020 1:48 AM

great, let's wait for 8400$

AlanSantana

⋅ Jun 27, 2020 3:29 AM

@Biduoduoduo, Thanks for sharing.

Phi-Deltalytics

⋅ Jun 28, 2020 2:34 AM

Excellent work. We have a similar view. Still bullish for the long-term, but correction is needed for the very short-term. Won't enter any shorts though. As long as BTC stays above the mid 8k zone, the bullish trend will likely resume.

Dur0

⋅ Jun 27, 2020 5:54 PM

hi master, we are in the limit... last words?!