Bitcoin Aims At EMA100 ($13000) Short-Term Analysis 🇮🇳

2020年11月4日

Here we are looking at the 4H timeframe as promised, this chart moves faster than the daily and we can have a closer look as to what is really happening right now.

• We have a move and close below EMA10 and EMA21 on this timeframe.
  
• The RSI hit below 50, which is the bearish zone just to move back up...
  
• Prices remain trading above EMA50 which is a bullish signal. If this level breaks we are going for $13,000 for sure or EMA100.
  
• The MACD looks weak/mixed signals but technically still in the bullish zone.
  

Now, with a lower high on the $14100 resistance and uncertainty now approaching the market, a drop can happen anytime but... Be prepared because Bitcoin likes to surprise...
Sudden moves can happen anytime... What's your take?

Here is the daily chart for a more detailed analysis:

Namaste.