The weekly candle for Bitcoin (BTCUSD) closes in less than 1 hour and prices are starting to move below EMA50... This can lead to an additional drop.
If EMA50 ($8242) fails to hold as support, BTCUSD is very likely to move lower and hit $7414 or EMA100.
The indicators are bearish and last week's candle is a full bearish one.
Here is the previous analysis | Feb 28 - Bitcoin Will Bounce After This Happens...

Feb 26 - Can't Say You Weren't Warned... Bitcoin Going To $5,000?

What's your take?
Share in the comments below...
Namaste.
If EMA50 ($8242) fails to hold as support, BTCUSD is very likely to move lower and hit $7414 or EMA100.
The indicators are bearish and last week's candle is a full bearish one.
Here is the previous analysis | Feb 28 - Bitcoin Will Bounce After This Happens...

Feb 26 - Can't Say You Weren't Warned... Bitcoin Going To $5,000?

What's your take?
Share in the comments below...
Namaste.
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➢ FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.