FX.co - BTC analysis for September 06,.2021 - Agressive sellers and breakout of the consolidation to the downside

2021-09-06T12:01:07

Relevance until2021-09-07

Technical analysis:

BTC analysis for September 06,.2021 - Agressive sellers and breakout of the consolidation to the downside

BTC has been trading downside. There is the breakout of the contraction with aggressive sellers in the background.

Trading recommendation:

Watch for selling opportunities due to the breakout of the consolidation.

Downside targets are set at the price of $4,670 and $48,500

Stochastic oscillator is showing bearish divergence and overbought condition, which is sign that downside movement is very possible....

*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 06,.2021 - Agressive sellers and breakout of the consolidation to the downside