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Technical analysis by Bastiy about Symbol BTC: Sell recommendation (7/11/2023)

https://sahmeto.com/message/2861042
Bastiy
Bastiy
Rank: 16980
Sell،Technical،Bastiy

This post is to add on another post. Here's the description of that post: "I'm just posting this just because why not. I am not trading anything, due to personal reasons. BTC in a range after rally. After 20 days of Ranging and no direction I believe BTC could now do something new. Obviously there is a trendline with 3+ touches, but what I see, after it filled htf imbalance, is a sweep of highs then shifting structure. It left an order block, which is the entry for this 'trade'. Targets are this week's low and the range low (see 1W chart). A re-entry could be breaking structure/ breaking trendline, retest and bounce. My idea is that it should 'deviate' from the current range and come towards the 1M breaker (29217.0). I can't post links, so I'll just post the same chart in different timeframes."

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$30,603.72
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