Skip to main content
Advertisement
Advertisement

BTC/USD Drop Below 6298 Aims for 5940

By
Nenad Kerkez
BTC/USD Drop Below 6298 Aims for 5940

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

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.

undefined

 

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.

Advertisement