Economic CalendarQuotes & ChartsForex Trading SignalsPAMM Account RatingTrading Sessions
flag English arrow
logo
Home
Publications
Top Articles Forex Analytics Forex Analysis for Beginners Video Analytics Crypto News Forex NewsForex TVForex HumorNews in Pictures Trader Journals
See also
Forex Online
Quotes & Charts Forex AnalyticsForex NewsEconomic Calendar Technical Analysis Patterns Forex Trading Signals PAMM Account Rating Trading Session Schedule
See also
Crypto
QuotesNewsTrade Crypto IFXBIT Platform #Bitcoin#Ethereum#RippleBitcoin Cash
Monitoring
Forum
Trade Now

FX.co ★ BTC analysis for May 05,.2021 - First target at the price of $53.000 has been reached

header image

Forex Analysis

5 May 2021 at 11:46AM (UTC+0)
iconRelevance until7 May 2021 at 11:46AM (UTC+0)

BTC analysis for May 05,.2021 - First target at the price of $53.000 has been reached

Technical analysis:

BTC analysis for May 05,.2021 - First target at the price of $53.000 has been reached

BTC has been trading downside as I expected and the price reached my first downside target at $53.000.

See also: Start Forex trading with a European level broker!

Trading recommendation:

In case of the downside breakout of the key support at $53.000, watch for selling opportunities on the rallies with the next downside target at $48.350.

Stochastic oscillator is showing fresh bear cross, which is bearish condition....

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Analytical expert
Go to the articles list Go to this author's articles Open trading account