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Technical analysis by vietlongn about Symbol BTC: Sell recommendation (2/1/2022)

https://sahmeto.com/message/2634349
vietlongn
vietlongn
Rank: 12811
1.5
Sell،Technical،vietlongn

Hello guys,Bitcoin broke it's trendline and trying to get back to the upper side, but there is some thing to notice about that.Current level is combination of many resistances: Top of BB channel MA100 Broken trendline Low volumeAll that infomation convinded me that Bitcoin is likely to drop to it's local demand zone (~10% drop from current level).I personally opened a short position and placed a stoploss at the high of yesterday. DYOR and happy trading.

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$38,452.05
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