BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin ( XBTUSD ) recently closed below EMA10 and now also EMA50 has been broken as support... With this break, prices can easily move lower and hit $5660.

If $5660 breaks (red arrow), then prices can go even lower and hit $5250/$5300 short-term, depending on how this level is handled we can look for the next move, at that time we can share a new analysis if you are interested.

Conditions for change
If momentum shifts and prices go up and close above EMA50 or $6040 on this timeframe, we can consider the retrace over and that prices will resume the uptrend (green arrow)... Thanks a lot for your support.

Namaste.
Mar 22
Comment: We will share a new analysis once the weekly (W) candle closes (less than 4 hours from now).

This can be a bloody Monday... We will see...
Mar 23
Comment: Conditions for change
If momentum shifts and prices go up and close above EMA50 or $6040 on this timeframe, we can consider the retrace over and that prices will resume the uptrend (green arrow)... Thanks a lot for your support.
Mar 23
Comment: Short-term update:
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Comments

U said monday BTC will drop to below 3000$ ?
No way . I think it will be 4000-4500$ !
+3 Reply
bitkidd manwalkaloneway
@manwalkaloneway, i do think low 3K is possible as the s&p is expected to drop further on Mon.
+2 Reply
@bitkidd, Thanks for sharing.
Reply
alanmasters manwalkaloneway
@manwalkaloneway, That's not what I am saying.
Reply
alanmasters manwalkaloneway
@manwalkaloneway, New update shared.
Reply
Thank you
+3 Reply
alanmasters Pornchanok
@Pornchanok, It is my pleasure.
Reply
Made lots of profits from this range (day trader) +280 but I fear large swing coming and looking nasty. Take what I say with a grain of salt but I feel the ye olde fake pump to dump coming. . . Hmmmm... anyway gl all and thank you alanmasters, probably best free trader I know. Your weekly specialization is legendary in my books. Always like to see what’s trending and your a valuable source my friend.

*Tip of the hat*
Aru
+2 Reply
@aruchard, Thanks a lot for the comment and support, truly apprecited.
Reply
@aruchard, Shared a new update... :)

Reply
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