Bitcoin Dresses in Red, Where To Next?
Prices bounced after hitting EMA300 (gray line) but the bounce didn't lead to much.
We have a higher low when we look at the wick of the candle on 11-June compared to 2-June, but if you look at the candle closure we have a lower low. This is a signal.
The and are now on the zone and trending lower.
Bitcoin is now aiming lower.
First EMA300 at $9066 can be tested again if MA200 ($9409) working as support breaks.
Prices are likely to continue lower here based on current chart signals.
Conditions necessary for change
Bitcoin ( XBTUSD ) needs to move above the "resistance" for us to consider the scenario... This is less probable right now.
Thanks a lot for your continued support.
You missed all the colors in between... Green, Yellow, Blue, Purple, Orange, Grey, Silver, Gold...
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You can secure a portion and keep the rest.
Close the ones that are already too high and look for bottomed out ones, etc.
Open yourself up to more because the altcoins can react in any of many different ways if Bitcoin drops.