Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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This is 100% original content/analysis... Please hit LIKE to support this post.
So, what is going to happen next with Bitcoin (XBTUSD)?
Now I share analysis of the EMAs that I learned through experience... Here is the sequence:
1) XBTUSD (Bitcoin) breaks below EMA50 on the 9-May, by the 13-May XBTUSD is back above EMA50.
In this case, EMA200 was hit (brown line) on a long-wick drop, so we can say this level was tested or that this level worked as support.
2) Prices move back above EMA50 but result in a 'lower high'. This peak was hit on 17-May at $9979, this is a lower high compared to the peak hit 7-May at $10085.5 before prices dropped below EMA50 for the first time.
3) Prices just broke below EMA50 once more after the lower high... This sequence tells me that Bitcoin will go down and test at the least EMA200 again on the next drop, but since this level was already tested it can easily go lower and test the EMA300/MA200 price range.
Based on this analysis, we are looking at $8420.5/$8558.5 next... Of course, the chart can always change.
Below we have the Bitcoin Sideways scenario...
Would you like to see the full updated XBTUSD trade with leverage? Make sure to hit LIKE... We will share it at 222...
"The best time for the altcoins market happens when Bitcoin is going sideways...
"When Bitcoin goes sideways the Altcoins tend to grow".
Comment
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☘️ HEY! YOU NEED TO FOCUS
It doesn't matter if what you want is small.
It doesn't matter if it is big, if it is money, if you are looking for emotions, life, peace, excitement, love...
You need to focus your energy on what you want...
Look at the bright side of things, think of all that has not been lost.
"Energy flows where attention goes".
For a better situation, send your attention towards your likings, towards a better life, towards your goals.
As you start visualizing your new reality, you will now get the results that you want.
Namaste.
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As promised here is the full trade.
- This is not financial advice. - This is not a buy/sell recommendation. - Trade at your own risk. - This is already passed our "buy" price so it isn't 'valid' anymore...
May 20, 2020 with 200 Likes (Thanks a lot for the support)
---------- Trade: SHORT XBTUSD | Bitcoin 💎 @BBLREGBOT