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BTC/USD Drop Below 6298 Aims for 5940

By:
Nenad Kerkez
Published: Mar 31, 2020, 07:46 UTC

The BTC/USD is very bearish. Latest signals from my template and price action suggest further selling pressure.

BTC/USD Drop Below 6298 Aims for 5940

Dear Traders,

The BTC/USD is very bearish. Latest signals from my template and price action suggest further selling pressure.

6500-6600 zone shows fresh sellers rejecting the price lower. The first target is 6298. Below we should see a continuation towards 6160 and eventually 5943. A drop below 5943 should pull the price lower to W L5 camarilla level 5138. Only a close above 7010 will make the BTC/USD neutral to bullish.

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The Analysis has been done with the CAMMACD.Core and Sit Systems

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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