Technical analysis by AlanSantana about Symbol BTC: Sell recommendation (5/16/2024)

🅱️ Bitcoin Local Resistance, Lower High Followed by Lower Low Here we are looking at the 4H timeframe, considered by many of us to be short-term. Bitcoin just produced a local lower high —I honest don't know what "local" means in this case— I am talking about now vs 22-April marked with the cap pattern on the chart. Then another lower high this time 8-April —Not sure of this one is local, national or international but still a lower high. This is a quick update. I wanted to let you know that prices are moving lower and the jump yesterday is just the classic CPI, news release market manipulation dynamics. The move up is just a SHORT-squeeze... Who are the experts? Those who mislead people or those who lead? I am surely biased as everyone else, I also have to eat but, I fight off any type of temptation (never felt any) and only share what I see. Now, tell me, what do you see? Namaste.