Both the Altcoins market & Bitcoin will continue to grow... Please hit LIKE now and read in full to show your support... We are looking at Bitcoin on the daily timeframe , that's BTCUSD , trying to figure out the next short-term move. As mentioned in the past, the 2-Aug. candlestick was our first signal for Bitcoin peaking. On the 2-Sept. we got a strong confirmation and by the 3-Sept., the bears entered the market with force. Now we have a short-term bearish bias as a continuation of the bearish action we saw recently. The chart as it looks now, we are aiming lower but there are two scenario that can take place. 1) We see a bounce for BTCUSD where prices hit just above EMA50 ($10850) or around $11300 before more retrace. 2) The bulls take the weekend off and instead of seeing a bounce we see prices going straight low. Our main support is sitting at $9700, $9250 and $9000+.

Bitcoin ( BTCUSD ) on the daily timeframe is still looking bearish . The classic bearish flag is now showing up as a pattern while prices remain trading below EMA100. If a bounce happens resistance is likely to be faced at EMA50 ($10935). If prices break lower we have support all across the $9ks. Please hit LIKE to show your support and leave a comment with your charts, thoughts, and questions