Yesterday Bitcoin closed below EMA10 after a lower high, this is bad news based on my EMA analysis.
We are sure to hit EMA50 or much lower, EMA100 ($36000) if BTCUSD closes today (4-March) below $47800 or EMA21.
Conditions for change
Any close below EMA10 would be strongly bearish, to see change, we would have to see prices moving up and closing above EMA10 ($48400).
Indicators
The RSI and MACD both support lower prices.
The Altcoins are growing while Bitcoin corrects as we mentioned... Thanks a lot for your continued support.
Namaste.
We are sure to hit EMA50 or much lower, EMA100 ($36000) if BTCUSD closes today (4-March) below $47800 or EMA21.
Conditions for change
Any close below EMA10 would be strongly bearish, to see change, we would have to see prices moving up and closing above EMA10 ($48400).
Indicators
The RSI and MACD both support lower prices.
The Altcoins are growing while Bitcoin corrects as we mentioned... Thanks a lot for your continued support.
Namaste.
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Final call before lower prices...
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- We have the bearish cross on the MACD and bearish RSI.
- We can see that the current price is trading below all the EMA lines.
- We have a lower high after EMA200 was tested, this signal that the next level, EMA300 or lower can be tested next.
These are bearish signals coming from the above chart.