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    Thread: Cryptocurrency Analysis

    1. 03-05-2021, 03:41 AM #11 Collapse post
      IFX_Selena
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      BTC analysis for March 04,.2021 - Completion of the ABC correction and potential downside movment towards $43.300

      Further Development

      Name: b-p-040321.jpg Views: 21 Size: 68.8 KB

      Analyzing the current trading chart of BTC, I found that BTC completed the ABC upside correction as I alerted you yesterday and that is ready for the new downside wave.

      My advice is still to focus on selling opportunities on the rallies with the downside targets at $47,280 and $43,300.

      Additionally,Stochastic oscillator got fresh bear cross, which is another sign of the downside wave.


      Key Levels:

      Resistance: $52,000

      Support levels: $47,280 and $43,300.




      Name: 44.png Views: 11 Size: 13.7 KB
      Petar Jacimovic
      Analytical expert
      InstaForex Group © 2007-2021

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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