Bitcoin is about to retest $10.500 area.
Bitcoin - Short term - We look to Sell
Short term RSI has turned negative.
Short term MACD has turned negative.
A lower correction is expected.
Short term bias is mildly bearish.
The medium term bias is mixed.
Broken out of the triangle formation to the downside. Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 10557 and 10521
Resistance: 10715 / 10740 / 10800
Support: 10680 / 10560 / 10480
Short term RSI has turned negative.
Short term MACD has turned negative.
A lower correction is expected.
Short term bias is mildly bearish.
The medium term bias is mixed.
Broken out of the triangle formation to the downside. Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 10557 and 10521
Resistance: 10715 / 10740 / 10800
Support: 10680 / 10560 / 10480
Trade geschlossen: Ziel wurde erreicht:
Target reached! Price found support at $10.520
