Technical analysis by JerryManders about Symbol BTC: Sell recommendation (8/20/2023)

17000s by October 2023 BTC is showing signals that the B-wave of its corrective phase has completed and it will be starting its C-wave to complete the structure. The C wave will take it to new lows in 2024, this idea projects the first leg down to kick off the C-wave. Initial target 17793 by 10/10/2023 The breakdown level was 27791, so as long as it stays below that I am expecting it to continue down along the black trajectory. A break above could open the door to 37k as a best case for bulls. On the way to 17000s it needs to breakdown 24-25k. This is bearish people.