BTC analysis for September 06,.2021 - Agressive sellers and breakout of the consolidation to the downside

Technical analysis:

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BTC has been trading downside. There is the breakout of the contraction with aggressive sellers in the background.


Trading recommendation:
Watch for selling opportunities due to the breakout of the consolidation.

Downside targets are set at the price of $4,670 and $48,500

Stochastic oscillator is showing bearish divergence and overbought condition, which is sign that downside movement is very possible....




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Petar Jacimovic
Analytical expert of InstaForex
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