alanmasters
Short

Bitcoin Potential Drop to $7600-$7700 (Short Term Analysis)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Looking at Bitcoin ( BTCUSD ) on the 1H Time Frame, a drop is already in place:

  • Trading below EMA10 and EMA50.
  • Challenging EMA100 to the downside.
  • Gaining momentum.
  • Indicators bearish .
  • Volume coming in.
    We are looking for support around EMA200 or $7800 first, followed by $7700 and finally $7600. This is a short term analysis.

    Conditions for change: If BTCUSD can remain above $7900, move up and close above EMA10, the above signals become invalid and a new analysis is needed. As long as BTCUSD remains below EMA10 and EMA50 the bearish potential remains.

    Thanks a lot for reading.

    Remember to hit like.

    Namaste.
Comment: "Conditions for change: If BTCUSD can remain above $7900, move up and close above EMA10, the above signals become invalid and a new analysis is needed. As long as BTCUSD remains below EMA10 and EMA50 the bearish potential remains. "

Moving up:
Comment: Bitcoin Continues Going Higher & Higher...

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Related Ideas

good call but failed again.
+1 Reply
@f4136936, This is a short term analysis, below my longer-term view shared yesterday (25-May)

"Conditions for change: If BTCUSD can remain above $7900, move up and close above EMA10, the above signals become invalid and a new analysis is needed. As long as BTCUSD remains below EMA10 and EMA50 the bearish potential remains. "

Alan Masters clearly predicted a move to the upside:

Thanks a lot for the support.

Namaste.
Reply
good call but failed again.
+1 Reply
emrelg emrelg
@emrelg, Told you from 7 hours :D thank to me alan followers.
Reply
@emrelg, This is a short term analysis, below my longer-term view shared yesterday (25-May)

"Conditions for change: If BTCUSD can remain above $7900, move up and close above EMA10, the above signals become invalid and a new analysis is needed. As long as BTCUSD remains below EMA10 and EMA50 the bearish potential remains. "

Alan Masters clearly predicted a move to the upside:

Thanks a lot for the support.

Namaste.
Reply
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