Hi, this my first published analyse. I will short BTC if the price is rejected on EMA200
1-We have a bearish cross EMA 13/EMA21 both sloping downward on daily
2-We have a very strong resistance here, BTC needs to breakup the horizontal resistance plus the EMA 200.
3-A Head and shoulder pattern is almost complete.
If the price is rejected from EMA 200, the H&S pattern can be completed with a target price down to 48K area.
1-We have a bearish cross EMA 13/EMA21 both sloping downward on daily
2-We have a very strong resistance here, BTC needs to breakup the horizontal resistance plus the EMA 200.
3-A Head and shoulder pattern is almost complete.
If the price is rejected from EMA 200, the H&S pattern can be completed with a target price down to 48K area.