BTC analysis for April 13,.2021 - Intraday overbought condiiton and potential for downside rotation towards $61.300

Further Development

Name: b-p-130421.jpg Views: 5 Size: 146.6 KB

Analyzing the current trading chart of BTC , I found that BTC reached daily extreme levels and that upside movement started to slowdown in tempo, which is sign for potential downside rotation.

Due to extreme condition watch for potential intraday selling opportunities with the downside target at $61.300.Stochastic oscillator is overbought, which is another sign of potential downside rotation....




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