Bitcoin Is Showing The Potential For The Further Downside Rotation
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Technical analysis:
BTC/USD has been trading upside as I expected and there is potential for the further downside rotation.
Trading recommendation:
Due to the rejection of the resistance cluster at the price of $16.900, I see potential for the further downside rotation.
Watch for the potential selling opportunities with the downside objective at $16.780.
Stochastic oscillator is showing fresh downside cross, which is strong sign that sellers are in control.
Key resistance is set at the price of $16.950
Relevance up to 08:00 2022-12-28 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
