FX.co - BTC analysis for August 03,.2021 - Breakout of the bear flag pattern and pottential for test of $36.400

2021-08-03T12:29:45

Relevance until2021-08-05

Technical analysis:

BTC analysis for August 03,.2021 - Breakout of the bear flag pattern and pottential for test of $36.400

BTC has been trading downwards as I expected. There is the bearish flag pattern continuation al, which is good sign for further drop.

Trading recommendation:

Watch for selling opportunities on the rallies with the next downside target at $36,400.

Stochastic oscillator is showing bear cross, which is another sign for the weakness...

The trend is down....

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for August 03,.2021 - Breakout of the bear flag pattern and pottential for test of $36.400