#BTCUPDATE - 19.8.21 FURTHER DOWNSIDE EXPECTED TO $43K STILL

Bitcoin / TetherUS (BINANCE:BTCUSDT)

BINANCE:BTCUSDT Bitcoin / TetherUS

BTC is following the expected path for the past 3 days and I think that $43k is still the key bounce target - we are currently at a zone where is could potentially reverese though with a bullish divergence showing on a local support - at $43.8k - We need to breakout of this downward channel soon.

Note that a breakdown of $43k can quickly see $41k as the next key support although I don't think that will happen personally.

On paper we are just showing a pretty textbook breakout to pullback play thus the $43k target and other incators to that price.

My play is if we break back below $44.5k then short to $43k wait for confirmed bounce then long to $48k.

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