Get started
PriceActionTrader1

BTCUSD - Bearish Continuation

Short
Bitcoin (BITSTAMP:BTCUSD)  
PriceActionTrader1 Updated   
BITSTAMP:BTCUSD   Bitcoin
Harmonic Patterns Technical Indicators Cypher cypher-harmonic sharkharmonicpattern
5
1
harmonicpatterns indicator cypherpattern cypher-harmonic sharkharmonicpattern
BTCUSD has been trading in downtrend and recently pulled back but looks week on daily and might not carry the momentum longer. It also formed potential Cypher/Shark harmonic patterns and possible targets are at 21578(target#1) and 16040(target#2). 200 SMA is also around target#1 so it might bounce from there. It is also forming narrow TTM Squeeze. Momentum is negative so it's very likely that it will fire downside.
Comment:
*weak
Comment:
Price has hit target #1.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.