Bitcoin Bearish Pattern, Be Careful

Bitcoin (BTCUSD) just printed the first bearish signal/pattern since breaking above $11500, once our strongest barrier.

With this bearish signal now in, marked on the chart, additional bearish action can follow.

This is just a friendly reminder.

BTCUSD Chart Analysis/Signals

After a strong bearish candle, BTCUSD closed below EMA10 and the indicators are trending lower.

Any trading below EMA10 (green line) and the bearish potential is on.

If prices move back above EMA10, we forget about the bearish pattern and continue to enjoy as prices grow.

Namaste.