Warning: Bitcoin Bearish Signal Just Came In... Going Lower!

A strong bearish signal just came in for Bitcoin... Get ready, it looks like it will be moving lower now.

In this chart I have the support levels marked based on the Fib. retracement tool.

For support, we are looking at:

1) $52,300
2) $50,500
3) $48,750
4) $44,000

The daily and weekly candles are yet to close.
This move is just getting started.

How far down Bitcoin goes will depend on the strength of these candles.

The market conditions are always changing so this signal too can become invalidated.

If BTCUSD closes today below EMA10/21, expect a red week next week.

Namaste.

تعليق:

I also looked at Coinbase, Bybit, BitFinex and Binance (BTCUSDT), on top of BitStamp.

While the candle isn't the same the last 4H candle did close bearish (red) with high bearish volume on all four.

The bearish is there so caution as we might soon experience a drop.

For now, prices remain strong above $54,500.
If it goes below $54,500 4H or $51,000 Daily then red we go, based on TA.

تعليق:

Additional info based on the daily timeframe:

تعليق:

We have bearish divergence with both, the MACD and RSI.
The volume is lower on the green candles than the red ones...

Watch-out... It can be a trap.
Caution!

تعليق:

Never-mind. We are looking good.

تعليق:

The bearish potential is coming back on... Be prepared.