Technical analysis by MonkeyPhone about Symbol BTC: Sell recommendation (10/26/2022)

Unfortunately I see Bitcoin retracing this recent move up unless we really are starting the next bull market as the stochastic is approaching the overbought zone. Each time it has hit that since June, we've had a sharp retracement. Macd is turning up from the zero line though and CCI is showing a very strong trend upwards. If we are to get any more upside, I believe it will be capped at 21,700 at cloud resistance. The decending triangle Bitcoin just broke out of, the bottom of that is at 18,400. So if we were to reenter the triangle, I'd expect that to be tested once again 🤔