Bitcoin On Multiple Timeframes (Daily, 4H) Below $9.2 If This...

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The Bitcoin (BTCUSD) drop below $9200 is now imminent... Why is that?

Hit LIKE now and let's get started with the daily first...

BTCUSD Daily (D), 24 hours per candle, is now moving below EMA100, the blue line on the chart.

Moving below this level is pretty bad after the 19-Sept. peak only hit below $11200...
The daily candle is yet to close and closure is needed for confirmation but...

IF BITCOIN DAILY CLOSES BELOW EMA100 WE ARE GOING TO TOUCH $9200 OR BELOW IT!

• The MACD is printing a bearish cross below the zero line; ouch.
  
• The RSI continues trending lower.
  

Here is the chart:

NOTE: If Bitcoin moves back above EMA100 the main signal on this analysis is invalidated.
A new analysis would be needed.


BTCUSD 4H is trading below all minor and major EMAs as well as MA200... Ouch.

This is all signaling to lower prices.

What's your take?

We got it right over and over, will we get it right again?

Altcoins Market Update + Bitcoin Update

Share with us in the comments section and hit LIKE if you feel this chart analysis is good.

Namaste.

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ملاحظة

Last week of the month.

The Bitcoin (BTCUSD) monthly chart is pointing to a retrace:

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ملاحظة

Full trade for Bitcoin (XBTUSD) shared 18-Sept.
The buy-in is already gone... This is just for learning and entertainment, not meant to trade.

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SHORT XBTUSD

Leverage: 10X

Buy-in: $11110 - $10850

Targets:

1) $10355 |Hit
2) $9888
3) $9370
4) $9065

Stop-loss: Close daily (D) candle above $11500

Liq. price: $12108
(Buy-in calculated at $10940)

Potential profits: 207%

Capital allocation: 7%.
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Use this information to your advantage in whatever way you want or can.

Thanks a lot for your continued support.

Namaste.

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ملاحظة

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