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FX.co ★ BTC analysis for August 03,.2021 - Breakout of the bear flag pattern and pottential for test of $36.400

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Crypto Analysis:::2021-08-03T12:29:45

BTC analysis for August 03,.2021 - Breakout of the bear flag pattern and pottential for test of $36.400

Technical analysis:

BTC analysis for August 03,.2021 - Breakout of the bear flag pattern and pottential for test of $36.400

BTC has been trading downwards as I expected. There is the bearish flag pattern continuation al, which is good sign for further drop.

Trading recommendation:

Watch for selling opportunities on the rallies with the next downside target at $36,400.

Stochastic oscillator is showing bear cross, which is another sign for the weakness...

The trend is down....

Analyst InstaForex
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