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FX.co ★ BTC analysis for September 22,.2020 - Breakout of the daily bear flag and potential for bigger drop towards $9.000

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Forex Analysis

22 September 2020 at 12:11PM (UTC+0)
iconRelevance until24 September 2020 at 12:11PM (UTC+0)

BTC analysis for September 22,.2020 - Breakout of the daily bear flag and potential for bigger drop towards $9.000

Further Development

BTC analysis for September 22,.2020 - Breakout of the daily bear flag and potential for bigger drop towards $9.000

Analyzing the current trading chart of BTC, I found that my analysis from yesterday is still valid and there is potential for further drop towards the levels at $9,873 and $9,050

My advice is to watch for selling opportunities on the rallies in order to catch the downside cycle.

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Stochastic oscillator is showing the fresh downside cross, which is another confirmation for the downside continuation...

Key Levels:

Resistance: $11,000

Support levels:$9,873 and $9,050

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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