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Technical analysis by cgeraghty88 about Symbol BTC: Sell recommendation (12/5/2021)

https://sahmeto.com/message/2680299
cgeraghty88
cgeraghty88
Rank: 9464
1.6
Sell،Technical،cgeraghty88

I'm currently favouring a Bitcoin Sell - Overall price is in a clear uptrend however price is currently rejecting the 50% retracement level and feel there is room for price to my Daily trendline at 42500ish before resuming in Bullish momentum again. Im looking to enter at 48200 and stack a 2nd entry at 46200 and ride the trade down. Currently on the Crypto Strength Trader Bitcoin price is negative and indicates a strong sell and the Dollar is strong which is positove for this trade.Any thoughts on this analysis will be greatly appreciated :)

Translated from: English
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Signal Type: Sell
Time Frame:
1 hour
Price at Publish Time:
$49,200.7
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