Bitcoin Daily Remains Bearish

2020年5月22日

Bitcoin (XBTUSD) on the daily timeframe remains bearish.

1) Yesterday we have the drop and closure below EMA10, confirming all the bearish signals we looked at before the drop.

2) If prices don't increase by 00:00 UTC, we will be looking at an inside bar (bearish).

3) EMA50 and EMA100 haven't been tested yet and we have prices aiming lower.

4) Trading volume dropping.

5) ALTSBTC Pairs Booming

6) The MACD is trending down but the RSI remains strong.

This chart is looking straight red for me... What's your take?

Please share in the comments below.

Namaste.