BTC analysis for May 26,.2021 - Potential completion of the ABC upside correction

Technical analysis:

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BTC has been trading upwards and the price tested the level fo $40.000. Anyway, I see potential for the downside rotation and completion of the ABC upside correction.


Trading recommendation:

Watch for potential selling opporutnities with the downside target at the price of $37.000. Target is based on the previous price action and predicted trend-line...

Stocahstic oscillator is showing overbought condition and fresh bear cross, which is sign for the downside movement and potential drop.




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Petar Jacimovic
Analytical expert
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