Category: Tether (USDT)

BTCUSD downtrend before bouncing back up

I saw the potential head and shoulders pattern yesterday in which I drew a blue dotted neckline. Today it got broken downwards instead of bouncing up from the neckline with volume confirmation of heavy selling pressure.

Hence I’m seeing two scenarios where BTCUSD will be headed. Scenario 1 would be by plotting a downward elliott wave which will hit between 100% …

This article was originally published on: The Tether Blog on