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FX.co ★ BTC analysis for April 21,.2021 - Donwside continuation in play and potential for re-test of $50.640

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Forex Analysis

2021-04-21T12:22:19
iconRelevance until2021-04-23

BTC analysis for April 21,.2021 - Donwside continuation in play and potential for re-test of $50.640

Further Development

BTC analysis for April 21,.2021 - Donwside continuation in play and potential for re-test of $50.640

Analyzing the current trading chart of BTC, I found that BTC is in the bearish continuation phase and that there is potential for re-test of the $50.650.

My advice is to watch for selling opportunties on the rallies with the downside targets at $50.650 and $44.000.

Stochastic oscillator is showing fresh bear cross, which is good confirmation for further downside continuation.

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