Bitcoin Aiming Lower Short-Term (1H)

٩ أغسطس ٢٠٢٠

Here we have Bitcoin (BTCUSD) on the 1H timeframe.

We have a bearish cross between EMA10 and EMA100... Which can send prices lower.

The MACD has gone below zero and the RSI below 40... Both entering the 'bearish zone'.

The support levels on this chart are based on Fibonacci proportions.

After a small bounce, due to the bearish cross between EMA10 and EMA100, we are looking to see lower prices.

This is not financial advice.

Namaste.