FX.co ★ BTC analysis for May 13,.2021 - Big drop and second target reached at $47.950

Technical analysis:

BTChas been trading downside as I expected. The second downside target has been reached at the price of $47.950. I still see potential for another downside movement..

Trading recommendation:

Watch for selling opportunities on the rallies with the downside targets at $47.95 and $42.920.

Stochastic oscillator is showing new bear cross, which is another good sign and confirmation for the downside movement.