Technical analysis by TrEKone about Symbol BTC: Sell recommendation (10/16/2023)

Monday started quite stormy for the crypto market .🔥💥⚡ and this showed that the market cannot manipulate the market only. 😆 And while waiting for a positive news, it can create a storm in a random fake desert. What happened today when Mr. Bitcoin 27.9 flew from 30 thousand to 30 thousand? BTC-ETF appeared in the real 5 minutes and the price returned from where it started to “heaven”. The liquidity is collected at the following levels: 27,1k, 26.6k, 26k. Considering that the price should come to the rising D1 channel today, a few scenarios are possible: 🔲1. The price will now move within the price channel and create a head and shoulders and then eliminate liquidity.🔲2. The price will immediately break the rising channel and will eliminate liquidity after testing it. In every case‼ ️ Always calculate your risks and run your money management correctly. 🧰piyasa is not always unpredictable. 🔥 And often, in addition to the news factor, other basic and statistical factors that greatly affect volatility overlap. BTC #binancesquare #binance #bitcoin #BTC