Bitcoin is testing the uptrend line from which is very likely to either retest $11,000 or fall to $10.000.
The 50 and 20 EMA's are in uptrend, but if the uptrend line gets broken, they will be in a downtrend.
200 and 50 EMA's are still in downtrend.
RSI is below 40, bearish.
MACD continue with a selling wave.
I will update this idea, when it's more clear if the price is going to $11k or $10k.
Until then,
Tibor
The 50 and 20 EMA's are in uptrend, but if the uptrend line gets broken, they will be in a downtrend.
200 and 50 EMA's are still in downtrend.
RSI is below 40, bearish.
MACD continue with a selling wave.
I will update this idea, when it's more clear if the price is going to $11k or $10k.
Until then,
Tibor
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.