Technical analysis by Shibunacci about Symbol BTC: Sell recommendation (4/13/2024)
https://sahmeto.com/message/1713802

Shibunacci
Rank: 13591
Analytical Power:
1.5

🔮 Trend IndicatorsThe chart shows a downward trend with lower highs, suggesting a bearish sentiment.📐 Support & ResistanceClear resistance levels formed, indicating difficulty in price rising past certain points.A support level seems to be tested; a break below could signal further declines.📊 Volume AnalysisSpikes in volume accompany price drops, possibly a sign of strong selling pressure.🔄 Fibonacci RetracementPrice nearing a key Fibonacci level, often a reversal zone.💡 Candlestick PatternsRecent candles lack significant wicks, showing decisive moves with little indecision.⚖️ Market Sentiment#NFA
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Signal Type: Sell
Time Frame:
4 hoursPrice at Publish Time:
$61,628.92