BitcoinShort
BTC bulls doomed towards 7,750$ as bears take charge
CryptoAST BTC USD UPDATE
We stated on our last breakdown that BTC and XBT will be hitting highs at 10535$ and thereafter, we would get a reversal from this price all the way down to 8500$, with exactly that occurring. We gave multiple long real time calls from 8,700$ to 10,535$. Before the bearish activity started, we gave short calls from 10535$.
We will give you an update of the market, per usual once again.
- On the daily we are at resistance as fan trend line is being used as trend line resistance. We are between two moving averages, with a bearish convergence, and price is looking likelier to go to 8500$ to meet daily support. Momentum indicators on daily bearish. However, if we switch to Heikin Ashi we could see a break to 9200$ is possible before the longs are REKT as momentum indicators on this chart setting also show supports on daily.
- On the 4 hourly, we are on a resistance zone on our momentum indicators as we have hit maximum capacity for upward movement. Again EMA resistance at 9250$ and down trend line resistance at 9750$.
- On the hourly, we can see a clear indication of the market that we will be heading to 8500$ on FINEX before heading to highs of 9200$ and then crashing hard to 7750$ for nearest resistance now turned support.
CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
We stated on our last breakdown that BTC and XBT will be hitting highs at 10535$ and thereafter, we would get a reversal from this price all the way down to 8500$, with exactly that occurring. We gave multiple long real time calls from 8,700$ to 10,535$. Before the bearish activity started, we gave short calls from 10535$.
We will give you an update of the market, per usual once again.
- On the daily we are at resistance as fan trend line is being used as trend line resistance. We are between two moving averages, with a bearish convergence, and price is looking likelier to go to 8500$ to meet daily support. Momentum indicators on daily bearish. However, if we switch to Heikin Ashi we could see a break to 9200$ is possible before the longs are REKT as momentum indicators on this chart setting also show supports on daily.
- On the 4 hourly, we are on a resistance zone on our momentum indicators as we have hit maximum capacity for upward movement. Again EMA resistance at 9250$ and down trend line resistance at 9750$.
- On the hourly, we can see a clear indication of the market that we will be heading to 8500$ on FINEX before heading to highs of 9200$ and then crashing hard to 7750$ for nearest resistance now turned support.
CHECK OUT OUR TELEGRAM CHANNEL DOWN BELOW FOR TIMELY UPDATES AND EXACT ENTRIES!
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