BTCUSD - Short Position
Going short as short term bearish move expected based on the following:
-Head & shoulder pattern indicating reversal. Price broke the neckline and now neckline acting as resistance.
- Unable to break strong horizontal resistance at $16.8k, volume getting low.
- Bearish candle confirming the downward move.
- Expected target - $16.2K
-Head & shoulder pattern indicating reversal. Price broke the neckline and now neckline acting as resistance.
- Unable to break strong horizontal resistance at $16.8k, volume getting low.
- Bearish candle confirming the downward move.
- Expected target - $16.2K