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Technical analysis by chibuikeinnocent96 about Symbol BTC: Sell recommendation (7/7/2024)

https://sahmeto.com/message/2172012
chibuikeinnocent96
chibuikeinnocent96
Rank: 20805
1.4
Sell،Technical،chibuikeinnocent96

As far as BTC is still below 60,400, i still look out for downward move to 51k to 50k level, otherwise if price closes above 60,400k then ahead, ahead we move to 69k. though there are lot of bullish momentum on the chart now @58,300 which could also move higher but i think it will also drop to 50k level. i believe is going to form an "M" pattern for price Action traders & for Elliott wave traders, that could be the completion of the 4th wave. i also expect to see a sort of trading range in up coming months. may God bless you!

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Profit Target:
$53,153
First Resistance:
$60,340
Price at Publish Time:
$58,005.2
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