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.
Commento:
*weak
Commento:
Price has hit target #1.