FX.co - BTC analysis for October 14,.2021 - Potential for the downside rotation

2021-10-14T11:53:20

Relevance until2021-10-15

Technical analysis:

BTC analysis for October 14,.2021 - Potential for the downside rotation

BTC has been trading sideways at the price of $57,800 but I see potential for the downside rotation.

Trading recommendation:

My advice is to watch for selling opportunities with the downside targets at $57,200, $56,800 and $56,200.

Stochastic oscillator is showing potential for the downside rotation due to hinge pattern in the background.

Key resistance is set at $58,500

*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 October 14,.2021 - Potential for the downside rotation