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FX.co ★ BTC analysis for August 19,.2021 - Sellers in control

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Forex Analysis:::2021-08-19T11:42:01

BTC analysis for August 19,.2021 - Sellers in control

Technical analysis:

BTC analysis for August 19,.2021 - Sellers in control

BTC has been trading downside as I expected. I see potential for further downside movement and potential test of $38,000.

Trading recommendation:

Watch for selling opportunities below the $43,000 with the downside target at $38,000.

Stochastic is showing bearish divergence on extreme reading but with fresh bear cross, which is sign for the further downside movement.

Analyst InstaForex
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