Technical analysis:
BTC has been trading downside as I expected. The price has reached the first downside objective at $20.800 and is heading towards next downside objective.
Trading recommendation:
Due to the strong downside trend in the background and no signs for the reversal, I see potential for the further drop.
Watch for potential selling opportunities on the rallies with the downside objective at the price of $19.000
MACD oscillator is showing downside reading, which is good sign for further downside movement.
Resistance is set at the price of $20.800
