BTC analysis for May 14,.2021 – Downside continuation in the play

Technical analysis:

BTC has been trading sideways at the price of $50.000 but i still see potential for the downside continuation.

Trading recommendation:

Watch for potential selling opportunities with the downside targets at $45.335 and $43.075.

There is the big supply zone around $51.300.

Stochastic oscillator is showing overbought condition, which is another indication for the downside movement.

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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