TradingView
AlanSantana
May 18, 2020 5:52 PM

Bitcoin Short-Term | Next Target Mapped Short

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

Description

⋅
Here I am mapping the next move for Bitcoin (XBTUSD) short-term (4H).

  • Prices tested EMA50 as support and close below EMA10, switching the potential from bullish to bearish.
  • The MACD is showing a bearish cross.
  • Bearish divergence is visible with the MACD and RSI.
  • We've been expecting a drop since Bitcoin printed a lower-high.
    • Conditions for change
      If prices move and close above $10,000, the above signals become invalid and a new analysis is needed.

      Visit the trade idea below for Bitcoin Weekly | Bullish Vs Bearish Bitcoin (Mixed Signals or Mixed Feelings?)

      Feel free to leave a comment if you have any questions.

      Thanks a lot for your continued support.

      Namaste.


Comment

⋅
Update (still bearish short-term)

Comment

⋅
Looks like a big one incoming...

Comment

⋅
Enjoy the profits...

ADAM20


LTCM20


EOSM20


BCHM20
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisBitcoin (Cryptocurrency)xbtXBTUSDalanmastersbitmexbinanceCryptocurrencyaltcoinscrypto
Comments
MentalMonsoon
⋅
Crypto and it's pump and dump has been more exhausting than the equities market, at least Stocks here don't erase profits out of anywhere.
Siikmando
⋅
@psolomon, improve your risk management and less profits will get erased off you
AlanSantana
⋅
@Siikmando, Thanks for sharing, sound advice.
AlanSantana
⋅
@psolomon, Longer timeframes can also help.
jollygreen
⋅
Very good!
AlanSantana
⋅
@jollygreen, Thanks a lot.
CognitoBTC
⋅
Thank you so much for the beautiful work.

Looking at the daily chart it tells something below 8k and area let's see how it's plays.
christianjoshuamanuel
⋅
What are the chances of dump and pump??
AlanSantana
⋅
@christianjoshuamanuel, Right now it is indecision time.
More