Technical analysis by chungdha about Symbol BTC: Sell recommendation (8/2/2021)

Notice we are bouncing down now from the same resistance we ran up against from the top, plus on the Cipher indicator we already hit a major selling point. Right now I doubt we will go back up any time soon and already started on the course going down, but we might not go as much down as before. Buying range I would say between 32000-35000 as current those are where the 0.618 and 0.786 fib level are. However there still is a big chance we might see a big drop off, the most extreme case is that we are heading down to 16-17k range to finish a large ABC Elliot wave down.