Technical analysis by Lapl4cesDem0n about Symbol BTC: Sell recommendation (9/5/2024)
https://sahmeto.com/message/2583018

Lapl4cesDem0n
Rank: 22923
Analytical Power:
1.4
Bitcoin-Whales are Stop Hunting - Next Stop 50k
Sell
Price at Publish Time:
$56,790.62
Profit Target:
(+8.92%)$51,723

Welcome back future demonsLet's jump right into the TA. We have a potential short trade here. This might not qualify as the perfect example of a Head and Shoulder formation in Classical Charting, but the over all structure and pattern is bearish.Also yesterday we saw a significant drop combined with huge volume increase.Kind RegardsLaPlaces Demon
Source Message: TradingView