Technical analysis by raghufx about Symbol BTC: Sell recommendation (8/8/2024)

If you check my previous post, you will see that I had the idea, that Bitcoin was not going to moon in anyway. Markets have contrarian nature, when every calls it bullish it goes bearish. For now it is in TF6 bear impulse and being corrected, but, bear impulse is not complete yet. If we consider that TF6 bear impulse is complete even then it need a retest of 50k zone. This is the behavior of each impulse. Here we may have little tolerance before it falls again. So trade wisely and make your own research before taking a trade. It is my own system which I use for the projections. This is not a financial advice.The overall bias remains bearish, it need a retest of the bottom or can make drain towards 48-45k even