Technical analysis:
BTChas been trading downside as I expected. The second downside target has been reached at the price of $47.950. I still see potential for another downside movement..
Trading recommendation:
Watch for selling opportunities on the rallies with the downside targets at $47.95 and $42.920.
Stochastic oscillator is showing new bear cross, which is another good sign and confirmation for the downside movement.
