BTC/USD Drop Below The Trendline Sparks New Wave of Sellers

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The BTC/USD has formed a SHS pattern and we might see a drop from the top of the right shoulder.

The SHS formation looms at the resistance. 11250 zone could make the price drop towards the trendline. 10880 is the price where the trend line makes an X Cross with the ATR pivot. Below the D L4 the price should drop towards 10587, 10493 and eventually 10172. Only a close above 11300, could make the price move slightly up towards 11396 and 11642.

The analysis has been done with the CAMMACD system.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of

🍿️ Discover your path to a 100% yearly returns over the convos with Chris Svorcik!