FX.co - BTC analysis for August 05,.2021 - Head and shoulders pattern in creation

2021-08-05T11:24:38

Relevance until2021-08-07

Technical analysis:

BTC analysis for August 05,.2021 - Head and shoulders pattern in creation

BTC iis trading downside and there is the HSS pattern in the background.

Trading recommendation:

Watch for the breakout of the HSS formation in the background to confirm further downside movement.

In case of the downside breakout of neckline, watch for selling opportunities on the rally with the downside target at $33,300

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for August 05,.2021 - Head and shoulders pattern in creation