BTC / USD With A Downward Trend And An Opportunity To Sell

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Technical analysis:

BTC/USD has been trading downside this morning, I saw the breakout of the triangle pattern to the downside.

Trading recommendation:

Due to the breakout of the triangle pattern in the background and the downside trend , I see further potential for the drop.

Watch for selling opportunities with the downside objective at the price of $19.575.

MACD oscillator is showing downside reading with no signs for the reversal.

Key resistance is set at the price of $20.500

Read more: https://www.instaforex.eu/forex_analysis/290987

 

 

Relevance up to 10:00 2022-09-02 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Read more: https://www.instaforex.eu/forex_analysis/290987

ByBit talks Grayscale Bitcoin Trust. How Does GBTC work?

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