Technical analysis by Mr_Lucas_Fx_01 about Symbol BTC: Sell recommendation (3/26/2025)
https://sahmeto.com/message/3377338

Mr_Lucas_Fx_01
Rank: 683
Analytical Power:
3.0

This Bitcoin (BTC/USD) 1-hour chart from TradingView illustrates a bearish harmonic pattern, likely a Gartley or Bat pattern, forming at resistance near $87,995. The chart shows key Fibonacci levels, a harmonic structure (XABCD), and a potential price reversal from point D. Price is expected to decline towards the marked support zone around $86,300. Additionally, the Overextension Oscillator suggests a potential overbought condition, aligning with the projected bearish move. The Supertrend indicator also indicates resistance at higher levels.target reached successfully
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Signal Type: Sell
Time Frame:
1 hourPrice at Publish Time:
$86,946.04