Technical analysis by DesireToTrade about Symbol BTC: Sell recommendation (2/6/2022)

Start of Wave 1 Jan 28th, 2019- $3,156Peak of Wave 1 June 24th, 2019 - $11,563Wave 2: March 16th, 2020 - $5,629Wave 3: April 5th, 2021 - $58,794Wave 4: July 12th, 2021 - $32,933Wave 5: November 8th, 2021 - $69,000Each wave coincides with pivot pointsMACD is increasing as of Feb 5th on the weekly chart and will flip green on the 3D and has already flipped on the 1 day.Currently the price is resting on support of the 200MA on the monthly chart and exhibits positive divergences with Stoch, CCI, MOM, OBV, MACD, RSI on the weekly chart.The rebound is likely due to the bounce off the 200MA and will hit the .618 fib around $48,599 - $52.257. This is all dependent on the weekend rally holding strength which historically has failed.Weekend pumps tend to retrace on Monday and lose any steam as the weekend ends so this will be a good time to exit any longs.