Technical analysis by IanColeman about Symbol BTC: Sell recommendation (10/24/2024)

Although trading in Bitcoin continues to be mixed and volatile, there are certain factors that offer a negative bias: •We posted a bearish Outside Daily candle on October 21. This formation is often seen at the top of the trend and the start of a new downward bias. •We have broken out of an Ending Wedge formation to the downside. This pattern offers a measured move target of 62,033.•The intraday chart highlights the building of a bearish Bat formation. We have substantial resistance is located at 69,000. This trade plan will expire at midnight on October 24. SL: 70,250TP1: 62,055R Rate 5.56#tradeplan #bitcoin