BTC analysis for October 04,.2021 - Bearish divergence in the momentum

Technical Analysis:


Name: b-p-041021.jpg Views: 6 Size: 46.8 KB

BTC has been trading downside and I see further bearish continuation.


Trading recommendation:
Due to the bearish divergence in the momentum and test and reject of the strong pivot level at $48,800, I see further downside movement.

Watch for selling opportunities on the rallies with the downside targets at the price of $45,200 and $44,420.

Stochastic is showing bearish divergence in the background.




Name: 44.png Views: 6 Size: 13.7 KB
Petar Jacimovic
Analytical expert of InstaForex
© 2007-2021