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Technical analysis by Cip-Quant about Symbol BTC: Sell recommendation (9/18/2023)

https://sahmeto.com/message/240390
Cip-Quant
Cip-Quant
Rank: 8394
1.6

Bitcoin is still in downtrend channel. It may hit $22000

Sell
Price at Publish Time:
$26,480.57
Sell،Technical،Cip-Quant

https://www.tradingview.com/x/jsGTX8q1/ Bitcoin is still in a downtrend channel, do not break out. According to BOLL and RSI, There is still a lot of space that can make BTC's price drop. Around $22000 is the previous resistance level and can be transferred as a support level at this time. I think $22000 would be strong because its also in the lower bond of the channel. How long can we reach that level? I'm not so sure as well, the only thing you need to do in bear market is just for DCA, this is the best.

Source Message: TradingView
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