Technical analysis by M_Gheysvandi about Symbol BTC: Sell recommendation (3/14/2025)
https://sahmeto.com/message/3335670

M_Gheysvandi
Analytical Power:
2.2
BTC USD Elliott Wave Analysis
Sell
Price at Publish Time:
$83,156.24

Hello friends Especially those who are new members (welcome) In the digital currency Bitcoin, after a sharp rise and the formation of a range zone, we saw a drop in the price of Bitcoin. Today we want to check whether this drop continues or not? If the answer is yes! How far? We see a corrective pattern on the daily timeframe. This pattern is flat with a long wave C. The structure of this pattern is 3-3-5. Wave C is 5 waves. Now we are in wave 5 and we are waiting for a slight increase in the price to the $ 86,500 area and then the price will drop to the $ 73,500 area. This area is a static support and we expect a reaction at this price. Good luck and be profitable.Good luck and be profitable.
Source Message: TradingView