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14.10.202113:53 Forex Analysis & Reviews: BTC analysis for October 14,.2021 - Potential for the downside rotation

Technical analysis:

Exchange Rates 14.10.2021 analysis

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.

Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2021
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