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.
The analysis has been done with the CAMMACD.Core System.
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The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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