Technical analysis by ENTITY_NOT_FOUND about Symbol BTC: Sell recommendation (8/20/2021)
https://sahmeto.com/message/2656817
ENTITY_NOT_FOUND
Rank: 9108
Analytical Power:
1.5

Bitcoin is just above midway to the channel upper resistance. The 4H candle is building a doji, and with the weekend coming we could see an extended downside to 45k. There's a strong chance of continuation, so a break with rising volume could indicate a run to 50k, where another short would start.This current range may carry on for a while. Watch this movement for indications of a breakout.After both trades averaging in, I entered at 49200, and exited my final share at 48500. Instead of playing with destiny I rather walk away with a profit in hand. If you're still short, 44k is still in play, but a bounce is more likely as it goes lower.
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Signal Type: Sell
Time Frame:
1 hourPrice at Publish Time:
$49,339.18