BTC analysis for September 10,.2020 -Breakout of the rising trendline in the background. Watch for breakout of the most recent sideways range to confirm further direction

Further Development

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Analyzing the current trading chart of BTC, I found that there is the breakout of the rising trendline on the Daily time-frame and potential for the more downside.

My advice is to watch for selling opportunities on the rallies with the targets at $9,140 and $8,400

Good area of resistance is set at the price of $11,000

BTC is still trading in the defined balanced regime, so watching for the stronger breakout is preferable under current condiiton.




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Performed by Petar Jacimovic
Analytical expert
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