AlanSantana

Bitcoin Starts To Retrace, Aims at $8210 Before $9999

Corto
AlanSantana Actualizado   
COINBASE:BTCUSD   Bitcoin
Bitcoin is showing signs of a retrace:

  • Moving below EMA10.
  • Bearish divergence on the MACD and RSI.
  • MACD Bearish cross.

Conditions for change: If Bitcoin (BTCUSD) moves up and closes above the last peak $8947, the above signals are invalidated.

Thanks a lot for reading.

Namaste.
Comentarios:
(Here we are looking at Bitcoin short term, yet below you can find some indicators as for a different/longer view).

BTC fractal May-June 2018 and the situation is now.
In favor of the fall:

1) The growth of the market without corrections is observed since February.
2) 4 green candles in a row on the monthly chart.
3) Two unclosed gaps on SME
4) Futures expiration on May 31st.
5) RSI shows a bearish divergence.

Thanks, @SpartaBTC for sharing.
Comentarios:
So far going down yet still looking strong.

Bitcoin (BTCUSD) is holding really good. Remember that this is a short term analysis, we are super bullish longterm.

We continue aiming for EMA10 on the daily time frame, or EMA50 on the 4H chart:

D:
4H:
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