Bitcoin Aims At $9740 Followed by $9250 (Bearish Signs)

16 feb 2020

XBTUSD (Bitcoin) is now looking full bearish with multiple bearish signals in the making... Let's take a look at those:

• First we have a break of EMA10 and EMA50 as support. Prices are now trading below this level switching our potential from bullish to bearish.
  
• Bearish cross between EMA10 and EMA50.
  
• Bearish RSI, trending lower.
  
• Bearish MACD.
  
• Monday's can be bloody (red).
  

With also have a "rising wedge" that is breaking down.

All these signals are pointing to lower prices.

We are active with a short on 10X.

Make sure to hit LIKE if you would like to see the full trade details, we will share at 111 likes.

Namaste.