BTC analysis for September 18,.2020 – Bear flag pattern on daily time-frame in creation. Watch for selling opportuntiies…

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BTC analysis for September 18,.2020 - Bear flag pattern on daily time-frame in creation. Watch for selling opportuntiies...

BTC analysis for September 18,.2020 – Bear flag pattern on daily time-frame in creation. Watch for selling opportuntiies…

Further Development

BTC analysis for September 18,.2020 - Bear flag pattern on daily time-frame in creation. Watch for selling opportuntiies...

Analyzing the current trading chart of BTC, I found that there is the break flag pattern in creation on the daily time-frame, which is sign that we might see drop soon.

To confirm further downside movement, I would like to see the breakout of the 2-day low at the price of $10,640

In case of the downside breakout of 2-day low, watch for selling opportunities wit h the target at the price of $9,895

Additionally, there is the the test of the Middle Bollinger bands, which is another type of resistance…

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

Source : https://www.mt5.com/forex_analysis/quickview/188406/