As Bitcoin was testing $10.800 from uptrend channel, it has formed yet another double top formation which has led to move down back to the channel.
Currently the price is still in the uptrend channel and above both 50 and 200 EMA's but there is strong RSI and MACD sell signal.
Key support levels where the price is very likely to find a bottom of this upcoming selloff:
$10.620
$10.560
$10.480
$10.420
As Long as the last support level of $10.420, I remain bullish on Bitcoin.
Good luck!
Tibor
Currently the price is still in the uptrend channel and above both 50 and 200 EMA's but there is strong RSI and MACD sell signal.
Key support levels where the price is very likely to find a bottom of this upcoming selloff:
$10.620
$10.560
$10.480
$10.420
As Long as the last support level of $10.420, I remain bullish on Bitcoin.
Good luck!
Tibor
Trade stängt: målet nått:
My short target of $10.520 was reached, more downside expected as the price is forming another bearish formation
