Technical analysis:
BTC has been trading sideways in last few days at the price of $20.180. I see potential for the further drop.
Trading recommendation:
Due to the strong downside momentum in the background and triangle pattern in creation, I see potential for further drop.
Watch for the selling opportunities in case of the downside breakout of triangle.
Downside objectives are set at the price of $19.515 and $18.480.
MACD oscillator is showing downside reading, which is good sign that sellers are in control.
Key resistance is set at the price of $20.455
