Main Quotes Calendar Forum
flag

FX.co ★ BTC analysis for February 21,.2022 - Strong downside presssure and potential for bigger drop

parent
Crypto Analysis:::2022-02-21T13:52:36

BTC analysis for February 21,.2022 - Strong downside presssure and potential for bigger drop

Technical analysis:

BTC analysis for February 21,.2022 - Strong downside presssure and potential for bigger drop

BTC.USD has been trading downside this morning as I expected and price tested my first short-term objective at $39,000 but I see potential for the second and third target in next period.

Trading recommendation:

Due to strong downside momentum and short-term downside trend, I see potential for further downside movement.

Watch for selling opportunities on the intraday rallies with the downside objectives at $36,650 and $33,154.

I see no signs for the reversal, which is another sign of the strong control from sellers.s...

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...