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14.10.201915:04 Forex Analysis & Reviews: BTC 10.14.2019 - Sell zone for Bitcoin, bearish flag in play

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BTC has been trading lower exactly what I expected last week. I still expect that BTC trades more downside towards our down targets at 8,052 and 7,742.

Red rectangle – Important resistance levels

Green rectangle – Important support and objective

Purple falling line – Expected path

I see that watching the larger structure, BTC potentially finished ABC expanded flat upward correction. I found series of the lower lows and lower highs in recent 2 days, which his sign that sellers are in control. Important support levels are set at 8,052 and 7,742. Resistance levels is found at 8,362.

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