Technical analysis by vietlongn about Symbol BTC: Sell recommendation (2/1/2022)
https://sahmeto.com/message/2634349
vietlongn
Rank: 12811
Analytical Power:
1.5

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
Show Original Message
Signal Type: Sell
Time Frame:
4 hoursPrice at Publish Time:
$38,452.05