BTC analysis for September 16,.2020 – Watch for selling opportunities due to lack of buyers and strong resistance

Further Development

Analyzing the current trading chart of BTC, I found that there is potential for the downside movement again towards the $9,700.

Key pivot resistance is set at the price of $11,150. I would watch for selling opportunities on the rallies with the downside target at $9,710

Additionally, there is divergence on the Stochastic oscillator, which is good sign that buyers are losing power.

Key Levels:

Resistance: $11,150

Support levels: $9,710

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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