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Technical analysis by prezesfns about Symbol BTC: Sell recommendation (4/14/2022)

https://sahmeto.com/message/2673783
prezesfns
prezesfns
Rank: 10461
1.5
Sell،Technical،prezesfns

on weekly time frame, I am still considering we are on bearish trendline - major trendline support - broken back to the week on 17th of January, BTC still struggling to got back above this trendline 47.5 / 48.5k area with confirmed candle closed above. Also looks like perfect example of BEAR FLAG forming recently. Looking also from combination of Elliot waves patent (1/2/3/4/5 - bullish back to MARCH 2020 till MARCH 2021) then ABC correction / potentially final leg down to complete C wave.

Translated from: English
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Signal Type: Sell
Time Frame:
1 week
Price at Publish Time:
$39,731.06
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