BTC is really oversold. Although there could be one quick push to 7700 and then big red candle.
Stay Alert, Stay safe.
Supports : 7350 , 6650 , 6150 , 5800 , 4900
Important thing in trading (and also in Life) is not to be Biased.
Just go with the flow in which ever direction.
BTC/USDT , A potential Head and Shoulders Pattern on 4hr chart
Current Price : 6280$ with slightly bullish undertone till 6700$, Go Short at 6650$.
Levels to Watch:
Above 6700$, H&S Price Pattern gets invalid and Price may Jump to 7400$.
Below 5900$, Price may reach another low 4200$.
COVID-19 Pandemic has certainly hurt Auto industry badly.
TATA Motors has broke below long term trendline and also descending wedge pattern.
Don't take any new trades for next few weeks until the Pandemic settles down. If the Virus creates Havoc Globally , All Hell may break loose.
If you really want to trade this , Average your Buy orders down From 65 Rs and below.