Technical analysis:
BTC has been trading downside as I expected. THe price reached my second downside target at $36.450 and it is heading towards the third target at $31.000.
Trading recommendation:
Watch for potential selling opportunities on the rallies due to the breakout of the rising channel in the background.
Next downside target is set at $31.000.
Stochastic is showing oversold condition but there is the another downside cross, which is sign for further downside movement.
Resistance is set at $37.200
