FX.co ★ BTC update for September 14,.2022 - First objective has beeen reached at $21.200, potential for further drop

Technical analysis:

BTC has been trading downside as I expected. The price reached first objective at the price of $21.235 but I see potential for further downside movement towards next reference points.

Trading recommendation:

BTC is trading flat this morning but I found potential bear flag pattern, which can be very good sign for further downside movement.

Watch for the selling opportunities with the downside objectives at the price of $19.590 and $18.500.

Stochatic oscillator is showing fresh downside cross from the overbought zone, which can be good sign for the further downside continuation.

Key resistance is set at the price of $22.600