Alert: Bitcoin is showing bearish conditions!!!
Bitcoin show in a consolidation on the trend. Right now, if you look out in H1 or H4 timeframe, the trend is become if we applied the 200, so that mean that Bitcoin is below of the 200 in H4 and H1 timefrmame, that sign turn bearish!!!
Now, as we see a consolidation, we could proyect a formation of pattern what Bitcoin is leading to the important support in Daily at $9,000 USD, that is an important support. Now, right now the key support line was candelled because is applied on the simetric triangle that Bitcoin formed in or H4 timeframe.
And right now, in H4 and H1 timeframe too, we see a and we expect a possible entry around of $10,600 USD in average to make a short position until the $10,165 USD. If you apply the 200, you can noticed it that BIitcoin is below, and that mean that bears are taking the control to leading the sentiment of crypto-markets.
In minutes, I will going to analyze Ethereum!!!