BTC analysis for July 08,.2021 - Breakout of the symmetrical triangle and potential for drop towards $30.000

Technical Analysis:

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BTC has downside and there is the breakout of the symmetrical triangle and downside continuation.


Trading recommendation:
Watch for selling opportunities on the rallies with the downside targets at $30.000 and $29.000.

Stochastic is showing oversold condition but with no bull cross....

Resistance is set at $33.400




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Petar Jacimovic
Analytical expert
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