BTC analysis for May 13,.2021 - Big drop and second target reached at $47.950

Technical analysis:

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BTChas been trading downside as I expected. The second downside target has been reached at the price of $47.950. I still see potential for another downside movement..


Trading recommendation:
Watch for selling opportunities on the rallies with the downside targets at $47.95 and $42.920.

Stochastic oscillator is showing new bear cross, which is another good sign and confirmation for the downside movement.




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Petar Jacimovic
Analytical expert
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