Bitcoin 4 Hour shows a short term down trend

Short

Bitcoin (BITFINEX:BTCUSD)

Mis à jour

BITFINEX:BTCUSD Bitcoin

trendanalysis chartpattern indicator btcusd bitcoin

The 20 MA crossed over the 40 MA and that indicates a short term down trend. If we break $9000 I believe we could see another bounce of the trend line support at $8700 on or around May 11th roughly.

Commentaire:

Trend support was broken, and now we will go down further. Next support is roughly around $7200, but I don't think we will go that low, what's more likely is $7800. I think we will see this in the later part of this month 5/20

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.