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FX.co ★ BTC analysis for September 17,.2021 - Bearish divergence and potential for the drop towards $44.350

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Forex Analysis:::2021-09-17T11:53:44

BTC analysis for September 17,.2021 - Bearish divergence and potential for the drop towards $44.350

Technical analysis:

BTC analysis for September 17,.2021 - Bearish divergence and potential for the drop towards $44.350

BTC has been trading downside as I expected but I see further continuation. Selling opportunities are preferable under today's condition.

Trading recommendation:

Watch for selling opportunities on the rallies with the downside target at $44,350.

Stochastic is showing fresh bear cross and the bear divergence in the background, which is another sign and confirmation for the downside rotation.

Resistance is set at the price of $48,250

Analyst InstaForex
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