10.03.202211:35 Forex Analysis & Reviews: BTC update for March 10,.2022 - Second downside wave in creation

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Technical analysis:

BTChas been trading downwards with strong momentum in the background. I see potential for further downside continuation.

Trading recommendation:

Due to strong downside momentum in the background, I see potential for the second downside wave to develop.

Watch for selling opportunities on the rallies using intraday charts.

Downside objectives are set at the price of $37.500 (pivot low and FE 61.8%) and $34.500 (pivot low and FE 100%)

Key resistance pivot is set at the price of $42.600

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