BTCUSD 8/22/19 Forecast Continuing Bearish
It looks like the BTCUD will continue downward since the current trend is downward because it is making lower highs as well as lower lows. I think it will test and break through the 100 EMA around 9600 further down to the missed weekly pivot point near 8600. It also looks like we are forming the right shoulders of a head and shoulders pattern.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.