BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin ( XBTUSD ) on the daily timeframe remains bearish .

1) Yesterday we have the drop and closure below EMA10, confirming all the bearish signals we looked at before the drop .

2) If prices don't increase by 00:00 UTC , we will be looking at an inside bar ( bearish ).

3) EMA50 and EMA100 haven't been tested yet and we have prices aiming lower.

4) Trading volume dropping.

5) ALTSBTC Pairs Booming

6) The MACD is trending down but the RSI remains strong.

This chart is looking straight red for me... What's your take?

Please share in the comments below.

Namaste.
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Comments

I think the weekly close will be important. I am neutral (out of my positions)
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thanks for the bearish side of view
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BITCOIN Dropped 50% The Last 4 Times This Happened WATCH This
Reply
alanmasters CryptoCheck-
@CryptoCheck-, Thanks for sharing your chart here.
Reply
awsome work
+1 Reply
alanmasters CryptoCheck-
@CryptoCheck-, Thanks.
Reply
agree. could be alts time
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alanmasters FarbodMirhamidi
@FarbodMirhamidi, They are already moving big time, some printing 100%, 200% and even more in just a few days...
Reply
@alanmasters thank you alan , i agree with you , do you think the recent Chinese stock market fall down has effected crypto market ?
Reply
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