AlanSantana

Bitcoin To Revisit $38,000 Or Lower (4H TF)

Short
BITSTAMP:BTCUSD   Bitcoin
After hitting a $45,850 price peak 10-Feb., Bitcoin is looking bearish on the 4h timeframe.

Right after this peak was hit we have multiple bearish candles breaking support after support.

  • The MACD has gone below zero, which favors the bears.
  • Trading below EMA50/EMA10.
  • RSI trending down/below 50.

Conditions for change
These signals are coming out of a short-term timeframe, things can change fast.
If BTCUSD closes 4h above ~$43,150, this analysis is invalidated.

Feel free to leave a comment with your thoughts.

Namaste.

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