Technical analysis by Delzeyne about Symbol BTC: Sell recommendation (10/13/2023)

BTC: Back to September openingprice (WXY-Correction) Looking at the daily chart, you can see an series of lower highs and recent swing failure since the yearly high from july If you connect the yearly high with recent swingfailure with the candle closes, you get an downtrendline The trend is your friend, so i expect the price of bitcoin to continue down The price-action of the swingfailure you could recognize as an small WXY-correction Around the weekly close wave X could be finished around the 0.5 Fib or 0.618 Fib retracement To project an wave Y, i expect it to end around the 1.0 Fib to 1.236 Time fib extension And price-wise around the 1.0 Fib extension and 0.786 Fib/0.854 Fib retracement around the monthly opening of september Then an small correction to the upside to the opening-price of october also around the monthly close of october