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Technical analysis by DonDoDSON about Symbol BTC: Sell recommendation (5/3/2025)

https://sahmeto.com/message/3473247
DonDoDSON
DonDoDSON
Rank: 3808
1.9
Sell،Technical،DonDoDSON

The BTC starts looking weak and it's perfect time to long for a short. We are almost at the top of this run from last weeks and we can see that BTC made a perfect divergence pattern. My indicator shows me also that we are entering a mid-term bearish trend and there is a high chance that we are gonna fall much deeper than in last weeks. My target is clear and I'm holding my strategy so I wait for the price to hit my SMA line like it was in the last days but now I wait for the price to hit the SMA line at 4H chart because we didn't hit it since 2 weeks so in this moment we can see even in a few candles that the price is gonna touch it. I am actually in the short and waiting for the price to go for my target, we also have a weekend so the price will be probably slow but everything can happen. In my opinion next week are gonna be red and the price should touch my target. I recommend to watch a 1H and 2H chart and looking when price will hit the SMA line on these timeframes because my target is set in a 4H chart but we can book profits even when the price will hit the SMA at 1H and at 2H chart. Be careful and stay focused.

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$96,209.98
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