FX.co - BTC analysis for August 26,.2021 - Breakout of the bracket market in the background

2021-08-26T11:52:51

Relevance until2021-08-27

Technical analysis:

BTC analysis for August 26,.2021 - Breakout of the bracket market in the background

BTC has been downside as I expected. There is the breakout of the bracket market for the downside, which is sign for further drop.

Trading recommendation:

Watch for selling opportunities on the rallies with the downside targets at $44,100.

Stochastic oscillator is showing overbought condition and fresh bear cross, which is another sign for the further downside movement.

*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 26,.2021 - Breakout of the bracket market in the background