tmsarn

The case of SHS pattern.

Corto
BINANCE:BTCUSDT   Bitcoin / TetherUS
I started to share my bearish view since we managed to hit the 64k level last month. So far we managed to develop a pretty nice SHS pattern on the daily chart, so if we measure the hight of the head from the neckline we can expect a nearly 35%-40% drop from the current market price. Once we will manage to create another leg town we can face some bullish pressure from the 200DSMA as well, and we also have some good demand zones near the 28-33k level. I am still bearish on BTC but I am looking to find some value to buy in the upcoming weeks.
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