BTC analysis for August 03,.2021 - Breakout of the bear flag pattern and pottential for test of $36.400

Technical analysis:
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BTC has been trading downwards as I expected. There is the bearish flag pattern continuation al, which is good sign for further drop.


Trading recommendation:
Watch for selling opportunities on the rallies with the next downside target at $36,400.

Stochastic oscillator is showing bear cross, which is another sign for the weakness...

The trend is down....



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Petar Jacimovic
Analytical expert
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