Technical analysis:
BTChas been trading downwards with strong momentum in the background. I see potential for further downside continuation.
Trading recommendation:
Due to strong downside momentum in the background, I see potential for the second downside wave to develop.
Watch for selling opportunities on the rallies using intraday charts.
Downside objectives are set at the price of $37.500 (pivot low and FE 61.8%) and $34.500 (pivot low and FE 100%)
Key resistance pivot is set at the price of $42.600
