FX.co - BTC analysis for September 03,.2021 - Watch for the potential downside rotation

2021-09-03T11:41:03

Relevance until2021-09-04

Technical analysis:

BTC analysis for September 03,.2021 - Watch for the potential downside rotation

BTC has been trading upside but I found rejection of the important pivot level at the price of $50,300.

Trading recommendation:

Due to the rejection of the major pivot resistance in the background, I see potential for the downside rotation.

Watch for selling opportunities with the downside objectives at the price fo $48,480 and $46,810.

Stochastic oscillator is showing bear divergence and potential for the downside rotation....

*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 September 03,.2021 - Watch for the potential downside rotation