BTC analysis for June 17,.2021 - Breakout of the bear flag pattern and potential for test of $35.000

Technical analysis:

Name: b-p-170621.jpg Views: 7 Size: 188.4 KB

BTC has been trading downside as we expected but I still see potential for new downside wave.


Trading recommendation:

Watch for potential selling opportunities on the rallies with the downside targets at the price of $37.500 and $35.000.

Stochastic is showing overbought condition and fresh new bear cross, which is good indication for the further drop...




Name: 44.png Views: 7 Size: 13.7 KB
Petar Jacimovic
Analytical expert
InstaForex Group © 2007-2021