Technical analysis by apexcryptotraders about Symbol BTC: Sell recommendation (7/28/2022)
https://sahmeto.com/message/2750500

apexcryptotraders
Rank: 8854
Analytical Power:
1.5

We are still in a secular bear market, the weekly still in a clear downtrend. Thus it is always favorable to short the market as it brings a higher probability of success.3 KEY RESISTANCE LEVELS to monitor closely.1. 24.276k: Resistance from the most recent high, also coming from a huge Supply/Demand Zone (GREY Rectangle) from Dec 20. 2. 24.886k: Resistance from the top of an ascending channel that is respected well. This is the trade I am monitoring closely as per setup shared. However, confirmation is always needed before entry.3. 26.577k: Resistance from previous Support flipped Resistance at the weekly open on 13th June. Patience is key here as from my perspective, no good RR Ratio trades are present.
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Signal Type: Sell
Time Frame:
1 dayPrice at Publish Time:
$23,779.65