Bitcoin (BTCUSD) has been moving lower short-term. The chart above is showing multiple bearish signals as follow:
Trading below resistance in the form of EMAs (EMA10, 50 and EMA100).
Bearish MACD and RSI.
Increasing bear volume.
For this reason, we are short short-term.
The blue dashed lines are the targets for this drop. The red dashed line is our stop-loss, remember that charts are always changing and direction can change easily, so we prepare for all scenarios.
This is not financial advice.
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