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AlanSantana
25 de Fev de 2020 13:54

Bitcoin Aims At $8,888, How Long Before The Drop? 

BITFINEX:BTCUSD1D
Bitcoin / DollarBitfinex

Descrição

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Bitcoin's retrace still hasn't taken its full form, it is a process still in the making (developing...).

After what appeared to be a bullish signal when prices moved and closed above EMA10, a rejection quickly followed yesterday and now prices are back below this level.
  • EMA10 is now sitting at $9761.8.
  • We continue to see lower highs being printed and really low volume.
  • If volume remains low, you can expect the "drop" or retrace to be slow and not so strong... But if volume starts to come in, we will see a big drop towards EMA100/MA200, sitting in the $8821.8 to $8900 price range.
  • Unless prices for BTCUSD move back above EMA10, we remain bearish, open for change, and expecting for the altcoins (smaller ones) to continue to gain.


Thanks a lot for reading.
This is not financial advice.

Previous analysis | S&P 500 Index Incoming Drop | Heading For 3258


21-Feb. | Bitcoin Continues Lower, $8950 Next? Support & Resistance Mapped


16-Feb. | Bitcoin Weekly | EMA10 Likely To Be Tested At $9000-$9150


16-Feb. | Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)


Namaste.
--
Gold (XAUUSD) Continues Super Bullish | $2,222 Next?

Comentário

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Bitcoin continues to drop... $8800/$8900 looking pretty close now.

Comentário

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🍀BEING BIG

A town sits on the path of a hurricane...

The townspeople are scared, everything changed so fast, it just came and now is different, it is all gone.

The people start to cry in despair...
They recoup, start to wonder, even blame the hurricane.

But the hurricane has no-fault...
It only knows how to be a hurricane.

And he was big but now is gone and the townspeople need to start afresh.

The new morning sun brings the hopes up.

The innovation Spirit wakes up again.

A new town is starting to grow.

The hurricane caused a lot of damage, at one point it seemed there was no repair.

But the once small town is now full of amazing people and has become one of the biggest and most beautiful cities to be ever made.

Let's not get lost in what is lost and start wondering/working and building this new reality we want to share.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical AnalysisalanmastersBitcoin (Cryptocurrency)BTCBTCUSDaltcoinscryptobitmexbitfinexbittrex
Comentários
pruthvipatilme
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Thank You Alan Caught the move!
AlanSantana
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@pruthvipatilme, My pleasure. Thanks a lot for the support.
BohemianCrypto
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Do you think it can retest previous hights before dump (10100-10300)? I expect falling knife even to 8250$... open long after breakout 9k again... whats you opinion about this idea? thank you, Alan
AlanSantana
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@BohemianCrypto, It depends... If today's candle produces are higher low it can happen... but it can easily start falling from current levels.

Right now the bears are getting the upper hand, so they get the potential:
skywealth
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@BohemianCrypto, sure!
UnknownUnicorn6653705
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Potential interesting Bitcoin fractal in this idea below:

BTCINVESTING
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more sideways with volatility. then up ...
AlanSantana
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@btcinvests, But right now we are not having sideways, slowly retracing.
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