BTC analysis for August 26,.2021 - Breakout of the bracket market in the background

Technical analysis:

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BTC has been downside as I expected. There is the breakout of the bracket market for the downside, which is sign for further drop.


Trading recommendation:
Watch for selling opportunities on the rallies with the downside targets at $44,100.

Stochastic oscillator is showing overbought condition and fresh bear cross, which is another sign for the further downside movement.




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Petar Jacimovic
Analytical expert of InstaForex
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