Bitcoin Will Move Up... But Only After Going Lower!

Let's take a look at Bitcoin on the 4H time frame/scale, we have many bearish signals on this chart.

As the title says, Bitcoin will move higher, but it is pointing lower now, so we need to see how this will develop and how far lower can it go.


BTCUSD Chart signals by Alan Masters

• Decreasing volume.
  
• Bearish MACD and RSI.
  
• Trading below EMA5 & EMA10 (bearish potential).
  
• Mondays tend to be bloody when in bear mode.
  

• Support levels are marked with dashed blue lines.
  
• Resistance levels are marked with dashed orange lines.
  

We've also drawn multiple potential scenarios (green, blue and red arrows)...

What's your take on where Bitcoin will go next?

See here for our Bitcoin analysis LONG-TERM:
Prediction: The Next Alternative Cryptocurrency Market Bull Run!

Altcoins market update

The altcoins continue consolidating, Binance, Bittrex, and Poloniex, are still slow, new lows as I mentioned in my last update and everything getting ready to move.

My prediction says we will move soon (you can check the chart above), but we might still get another big surprise...

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Namaste.

Comentarios:

It is moving lower and it seems like it will go even lower...

2H Chart:

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This one is looking quite bearish... BTCUSD bounced perfectly from our marked support (blue dashed lines)...

1D Chart:

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Bitcoin will definitely move lower...

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