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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