Technical analysis by arcone about Symbol BTC: Sell recommendation (9/29/2022)
https://sahmeto.com/message/2682896

arcone
Rank: 2166
Analytical Power:
2.3

For Bitcoin its not a perfect inverted cup and handle. But since the SPX is drawing a much nicer C & H, and BTC price is correlating alot, this could become the reality.Target to the downside is at $5600, something I do believe is not that likely.Now that we are plummeting is the inverted cup & handle back in playI see inversed cup and handle all over the place(BTC, ETH, TOTAL, TOTAL2, TOTAL3), and for some charts it looks like its confirming and breaking down (BTC, TOTAL3). Is this the start of the last leg down?
Translated from: English
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Signal Type: Sell
Time Frame:
1 weekPrice at Publish Time:
$19,410.71