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

10 באוק׳ 2021

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.