Technical analysis by lil_Buuck about Symbol BTC: Sell recommendation (3/18/2024)

Waiting for break of the skewed neckline. 1st target around 60k - fib 0.382 retracement - trendline 2nd target around 52k - fib 0.618 retracement - POCBreakthrough neckline and retesting it before further downsideFirst target reached 🏁 Now we will see if the trendline will act as support otherwise it will be free fall to 52kCould be forming a small Inverse head and shoulders and continue up to test the upper parallel channelnot quite the cleanest IHS but seems to have broken the downward trend and will try and drill through the 68k resistance, if so we will be onto new heights soonWe actually had another IHS and now seems like it has the power to drill through the blocks of resistanceJust testing the trendline again and it will resume upwards movement againEagerly waiting for the breakout of the bullish wedge. Daily EMA's are still clearly bullishhere we go, breaking out of the wedge