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Bitcoin, Not So Fast Trolls... $16,500 Target Still In-Play!

Patience is key... Our $16500 target is still in-play for Bitcoin (BTCUSD).

Bitcoin broke bearish yesterday and we saw its price decrease by over $1200 after my previous trade idea...

We are now seeing a small bounce with the chart still looking bearish.

  • Notice that prices are still trading below EMA10, EMA21, EMA50, and EMA100.

  • The MACD is now below zero (0) and the RSI below 50, both bearish signals.

  • We have a bearish cross between multiple EMAs and when we look at the daily timeframe, prices are still trading below EMA10.


Patience is the key is what I always say...

As long as prices remain below EMA50, we expect to see even lower prices next.

Previous chart | Bitcoin To ~$16,500 Now Confirmed!
Bitcoin To ~$16,500 Now Confirmed!


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Thanks a lot for your support.

Namaste.
הערה
New update for BTCUSD (Bitcoin) on the daily timeframe... Enjoy!

BTC $16,500 Double Confirm, Re-Confirmed, Multiple Confirmations
הערה
It looks like the drop is about to gain momentum... Pretty good.

Other charts:

🅱️ Bitcoin Weekly First Support At $16,000
Bitcoin Weekly First Support At $16,000


✳️ Ripple (XRPUSD) Likely To Continue Lower!
Ripple (XRPUSD) Likely To Continue Lower!


Plus some altcoins

✳️ Verge (XVG) Future Path! (210%)
Verge (XVG) Future Path! (210%)


✳️ Moeda Loyalty Points (MDA) Correction Is Over? Looks Like It!
Moeda Loyalty Points (MDA) Correction Is Over? Looks Like It!


✳️ Dusk Network (DUSK) Will Print Massive Growth (303%+)
Dusk Network (DUSK) Will Print Massive Growth (303%+)


✳️ SCRTBTC
Secret Network (SCRT) Takes Off!


✳️ COMPBTC
Compound (COMP) Breaking Resistance (Targets)


✳️ YOYOBTC
YOYOW (YOYO) Will Also Grow Strong!

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.