BTC analysis for May 18,.2021 - Sellers in control and potential for drop towards $30.000

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Technical analysis:
BTC has been trading at the important pivot support at $42.300 and no big reaction from buyers is sign that sellers are still in control.


Trading recommendation:
Watch for potential selling opportunities on the rallies with the downside target at the price fo $30.370.

Stochastic is showing oversold condition but with no bull cross, which is another sign that sellers are in big control.




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Petar Jacimovic
Analytical expert
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