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BTCUSD - Bearish Continuation

Par PriceActionTrader1
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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.
Commentaire
*weak
Commentaire
Price has hit target #1.
cypher-harmonicCypherHarmonic PatternsTechnical Indicatorssharkharmonicpattern
PriceActionTrader1

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