Technical analysis by crypto_profile about Symbol BTC on 9/22/2024

crypto_profile

Hello friends, I will simplify the current chart and leave a wide price range and 1 important support price, which is important, I will go over which area gives loss and where to correct in the short term, we have a range where the price constantly sells with multiple selling pressures, this range is 66500/70300, I would like to summarize why we left such a wide range, in November 2021, the area where the price constantly sells with a last manipulation is the 66-68k range, in March 2024, first by pinning, then closing here for 2 weeks and not being able to exceed the price, despite its dominance in the alt market being at btc, the intolerable price range brings sales again, now this range is before us again, I am waiting for a test of this range, I only have alt coins in 1 product, both spot and forward, and I have a long position in btc, now first of all, I would like to tell you this in the short term, the 4h closing price below 62500 will pull it to 60k, such a situation If it occurs, I will separate from the positions I hold in my futures and take profit from the spot product. AMMMMMAAAAAAAA If btc does not close below the 59k region for 4h and daily, I am waiting for it to test the range I have specified. If there is a daily close below this price, I will sell the remaining spot balance completely. If it comes to the reason btc, it will first test 54k and then 50k. It will spend a few weeks horizontally and in the meantime, the 61 region will be an important level for us. Every day this area is not passed, the 44k we mentioned before will come back to the agenda. I AM SORRY, BUT I HAVE HAD TO MAKE SUGGESTIONS FOR WEEKS THAT THE MARKET DOES NOT GIVE YOU CONFIDENCE FOR THIS REASON. So, if anyone asks what will happen if our range is directly exceeded without losing important levels during this period, let me give the answer as follows. If I see a rise when it tests the exceeded range again, I will make a basket of 10 alt coins from here and leave it. If the weekly close is above the 66-70k range, I would like to say that the sad declines are over and it is time to cost, at least in parts. Of course, I will explain my reasons on parities. FOR THIS, THIS PRICE RANGE IS VERY IMPORTANT. I briefly explained to you my expectations and why I avoid risks. If there are products that you cost below, I leave the initiative to you, but if there are those who trade with me in confidence, my roadmap is exactly like this. For this reason, I do not think that the sales coming from here will be so polite after this stage. It is not investment advice. I wanted to leave it to you to give you an idea. I wish you plenty of profit.