BTCUSD continuation of bear trend.

1 Mar 2021Price is following a clear defined paralled channel. Looks like we have retraced to a algo level ready for a another bear run down to the levels mentioned below if it plays out as per my wave count to arrive at wave C. Otherwise look to long till first target being at 50000 and second at 57000.

1 Mar 2021

Yorum

The price action could potentially create a head and shoulder as we speak at 48000 level being the neck line.