empty
 
 
21.09.2022 08:55 AM
BTC update for September 21,.2022 - Sellers in control, potential for further drop

Technical analysis:

This image is no longer relevant

BTC/USD has been trading downside as like I expected. The price is heading my first downside objective at the price of $18.413.

Trading recommendation:

Due to the strong downside pressure in the background and rejection of the key resistance at the price of $19.600, I see potential for further drop.

Watch for the potential selling opportunities on the rallies with the downside objectives at the price of $18.400 and $17.700.

MACD oscillator is showing downside momentum, which is good sign for further downside movement.

Key resistance is set at the price of $19.500

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback