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Technical analysis by Mikhiavelli about Symbol BTC: Sell recommendation (11/25/2022)

https://sahmeto.com/message/2695752

Execute Order 666: BTCUSD The Final Collapse

Sell
Price at Publish Time:
$16,500.92
Sell،Technical،Mikhiavelli

Bitcoin at a critical juncture in our lives. A tiny dominoe is about to collapse the house of cards.Was it all by design? Is the math sound? Does a fiat collapse in the woods make a depression?Come with me down to the depths of sound insanity.The 1 hour had shifted. The recovery is over. In the next 6 months you will begin to understand The Final Collapse.*Delay of launch**Flight departing*might just be a dead cat bounce to flush out shorts1hr is potentially shifting again, so if the momentum doesn't continue then a reversal is highly likely.there is a transient zone that has been pulling price action up to revisit the 17567.45 levelJust gotta keep up the downward momentum and we'll be on our way.Getting tigghttttt.15 min is showing a potential shift back up, but 5 min is looking like it's exhausted, so I'm leaning intoa breakdown on the 1 hour here to start the leg back down to retest lows.This is the 15 minThe 5 I just noticed the pattern I saw on the 15min, we need a bullish breakout here to tighten the pattern on the 1 hour more, we could get a breakdown here.The 1 hour tightened, tried to breakout and was rejected back down.I like this configuration, its a larger signal on the 1 hour of the momentum shift back down.This looks like downward momentum is going to start building again.I'll be on the lookout for a reversal back up.A closer look at this 15 min rally:had a 15 min top, that made a larger 1hr momentum shift down, was followed by a 15 min bottom, that is the current rally you see here.I'm looking for this to reverse back down, with the 1 hr shift on the large Time Frame.Perhaps something like this on the 5 minute: this could try to get to the transient zone at 17,5 stillprice action is fairly random.15 min1 hourhere we can see a channel the 4 hour is inthere was a larger shift up on the 4 hr, but where the 1 hour had a shift, is also showing up on the 4hr, so I'm leaning towards another leg down before a large long correction back up, then potentially another leg back down to lower lows.More or less something like this on the weekly:15 min update1 hour update5 min rolling over, lots of sideways...15 min targets1 hour targets4 hour targetsdaily targetsweekly targets15 minute is forming a potential momentum shift.the 15 min signal failed to form, but today resulted in the 1 hour creating a signal...finally the 1 hour signal played out and the 4 hour channel is breaking down.potential shift on the 15 min:either we'll breakout and try to hit the transient zone above, or the large leg down will finally start.Need to continue to breakdown to confirm 15 min toptransient zone was finally hit and the breakdown averted for now.its still in dangerous territory and hasn't started the bullish reversal yet,switching updates to this chart ^updated chart ^^^^^^^^updated chartSo I checked out the bitcoin/gold chart to see if the transient zone targets hold up on a chart that is not skewed by inflation. What I outlined is some low targets formed 7-9 years ago, and found that a few of the zones the 25k target is not a transient zone on the gold chart. There is a small zone that on a large timeframe doesn't hold up. Around the 30k level. So, the primary transient zones are below the current price level.These zones are areas where price briefly traveled and did not return.Price action is mostly recurrent, as in it passes back and fourth in an area and never really leaving bars alone, price gets boxed into areas where large traders continulously bet at two price levels and bounce price between the two and trade others out of thier positions.

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