FX.co ★ BTC analysis for April 06,.2021 - Completion of the ABC upside correction and new downside wave towards $55.000

Further Development

Analyzing the current trading chart of BTC, I found that there is completion of the ABC upside correction, which is sign for the further downside movement.

My advice is to watch fro selling opportunities on the rallies with the downside targets at $55.050 and $51.000.

Stochastic oscillator is showing overbought coundition, which is another sign for potential further downside movement.