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03.08.2021 02:29 PM
BTC analysis for August 03,.2021 - Breakout of the bear flag pattern and pottential for test of $36.400
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Technical analysis:

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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....

Petar Jacimovic,
Analytical expert of InstaTrade
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