BTC ANALYSIS FOR SEPTEMBER 08,.2021 - BIG DROP IN THE BACKGROUND AND POTENTIAL FOR SELL ON RALLIES

BTC has been trading downside as I expected. The price reached both downside objectives from previous day.

Trading recommendation:
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Watch for the rally to complete and then for downside opportunities with the downside objectives at $43,345 and $38,300

Stochastic is not showing fresh bear cross but there is no bull cross, which is sign that selling power is big.

The main cause for the drop was lack of buying power on the top.....




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Petar Jacimovic
Analytical expert of InstaForex
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