Bitcoin (XBT) 4H Timeframe

8 Jul 2020

Here we have another view at Bitcoin (XBTUSD) but this time on the 4h timeframe...

We have multiple lower highs...
We also have some higher lows but the EMAs and MA200 give away the tendency...

If prices were trading above MA200, we would be strongly bullish but in this case, we see prices trading below MA200 (black line) on top of other bearish signals.

The MACD is curving and about to print a bearish cross... The RSI is still strong but aiming lower like the STOCH.

Prices for Bitcoin (XBTUSD) can drop.

Namaste.