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Bitcoin Will Jump After The Drop (Short-Term Analysis)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Here we are looking at Bitcoin ( XBTUSD ) on the 1H timeframe (Short-term).

  • Prices are moving lower within a broadening falling wedge .
  • Trading volume is still low so this move is yet to develop.
  • The indicators are trending down/lower ( RSI and MACD ).

Prices for Bitcoin ( XBTUSD ) can drop (red arrows) before moving up (green arrows).

Multiple scenarios are drawn on the chart.

Where do you think Bitcoin is headed short-term?

Share with us in the comments section below.

Namaste.
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Comment: Now looking bullish (Above MA200 / $8782 = bullish)
Comment: Bitcoin Higher Low, Bounce In-Play | Next Target Mapped (Trade inside)
Comment: -
Is Bitcoin Bearish or Bullish, $10k or $5k? Everything Explained

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Comments

Thanks Master
+1 Reply
alanmasters sidhabdn
@sidhabdn, My pleasure.
Reply
makes sense. what's your idea for the TP?
Reply
Good timing
Reply
can you spell gains. LINKBTC. up 100% in 30 days. click play to recap.
linkbtc daily up to 100% upside (NEW).
Reply
alanmasters ProjectSyndicate
@ProjectSyndicate, Thanks for sharing.
Reply
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