Technical analysis:
BTC/USD has been trading downside this morning and I see potential for the brekaout of the well defined triangle pattern.
Trading recommendation:
Watch for the breakout of the triangle pattern to confirm further downside continuation.
Downside objectives are set at the price of $19.000 and $18.000
Stochastic is showing overbought condition and fresh bear cross, which is sign that we might see downside movement.
Key resistance is set at the price of $20.500
Relevance up to 14:00 2022-09-06 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.