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Technical analysis by mytw0cents about Symbol BTC: Sell recommendation (4/19/2025)

https://sahmeto.com/message/3427591
mytw0cents
mytw0cents
Rank: 5071
1.6
Sell،Technical،mytw0cents

hi From the previous chart, the price successfully broke through the upper trendline and started to rise. This could indicate that bullish momentum is taking over. Waiting for the price to break the upper trendline is a solid strategy for confirming bullish momentum. However, there is a potential triple top pattern forming, which could indicate that the price may face rejection at a key resistance level 86056.35 If the triple top pattern becomes more apparent and the price fails to break above resistance, it could signal the start of a bearish move. In this scenario, trading volume and price action around the resistance zone are crucial to observe. If volume declines and selling pressure increases, the price may drop further. good luck **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal** Thanks a lot for your support

Translated from: English
Show Original Message
Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$85,391.48
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