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Technical analysis by apexcryptotraders about Symbol BTC: Sell recommendation (7/28/2022)

https://sahmeto.com/message/2750500
apexcryptotraders
apexcryptotraders
Rank: 8854
1.5
Sell،Technical،apexcryptotraders

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.

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$23,779.65
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