Technical analysis by Mr_jeff82 about Symbol BTC: Sell recommendation (3/23/2025)

There are labels like “1VALLEY,” “2VALLEY,” etc., indicating major swing lows or troughs in price.The chart highlights large price swings from a high down to a low, then back up, and so on.Harmonic Pattern (AB=CD)The letters A, B, C, D are marked, suggesting an AB=CD pattern, a common harmonic trading setup.Harmonic patterns often project that if price completes at D, a reversal could occur.Short ZoneA red rectangle labeled “SHORTZONE” is shown near the top of the chart.This typically indicates an area where traders might anticipate selling pressure or look to enter short positions, often after the AB=CD pattern completes.Projection ArrowsThere are arrows projecting a move up to point D and then a downward move afterward.This reflects the harmonic pattern’s typical completion point (D) and the expectation of a reversal to the downside.Percent Labels / MeasurementsSome vertical measurements (labeled “100%”) may refer to Fibonacci or harmonic ratios, showing the price distance from one swing to another.Overall InterpretationThe chart is mapping out a potential AB=CD harmonic pattern, suggesting that once the price reaches the D point (in or near the short zone), it may reverse downward.The “valleys” are marked to emphasize the significant lows, and the pattern’s symmetry implies that the upward leg from C to D might mirror the leg from A to B.Traders using this analysis would watch for confirmation around the short zone to see if price indeed begins to reverse.