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Short

BTCUSD - Bearish Continuation

By PriceActionTrader1
Updated
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.
Note
*weak
Note
Price has hit target #1.
cypher-harmonicCypherHarmonic PatternsTechnical Indicatorssharkharmonicpattern
PriceActionTrader1
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