Technical analysis:
BTC has been trading sideways at the price of $19.755 but I see symmetrical triangle pattern in creation, which is sign for potential downside continuation.
Trading recommendation:
Due to the strong downside pressure in the background and symmetrical triangle pattern in creation, I see potential for further downside movement.
Watch for the selling opportunities in case of the breakout of the triangle pattern.
Downside objectives are set at the price of $19.475 and $18.500.
Stochastic oscillator is showing fresh downside cross from the overbought zone, which can be good sign for the further downside continuation.
Key resistance is set at the price of $20.400
