Technical analysis by EthioFX about Symbol BTC: Sell recommendation (5/12/2023)
https://sahmeto.com/message/153321

EthioFX
Rank: 9424
Analytical Power:
1.4

BTCUSDT short hi Ethiofx here This is how I see the market on BTCUSDT bitcoin has been traded bullish since 2023 and now it reaches a major level of structure and it is forming a a head and shoulder pattern after that it is breaking the neck line of the trend line of the head and shoulder pattern. I believe it is time to find a short entry. In my opinion there is two way to get enter:- The first is right now at the break by dropping down to the smaller time frame like the four hour and hourly The second entry is at the retest of the trend line protect yourself and happy trading. Thank you.
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Signal Type: Sell
Price at Publish Time:
$26,201.94