Technical analysis:
BTC has been trading downwards as we expected. I still see potential for the downside movement towards $33.500.
Trading recommendation:
Watch for potential selling opporutnities on the rallies due to completion of the ABC upside correction and short-term downside trend.
Downside targets are set at the price of $33.450 and $31.420.
Stochastic is showing bearish reading with no evidence of the reversal....
Resistance is set at $40.000
