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Technical analysis by XLNCTrader about Symbol BTC: Sell recommendation (2/9/2023)

https://sahmeto.com/message/2714478
XLNCTrader
XLNCTrader
Rank: 7615
1.5
Sell،Technical،XLNCTrader

Bitcoin has been in a nice range for the last couple of weeks, however it looks to have painted a H+S with a broken neckline. Targets and trade set ups shown with stops and invalidation levels. If the neckline is reclaimed, I would look for a long to reclaim at least 0.5 fib for first TP and second TP range high.50% closed at 1.5 fib level from range, stops also moved into profit.

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$22,532.62
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