Technical analysis by tofinse about Symbol BTC: Sell recommendation (10/19/2023)

Human behavior is strong resistance Retail traders who don't use leverage will survive from last down move to 25,000USDT Retail traders who don't use leverage don't get liquidated but they feel like their money is lost so many days (65 days from last price move from 30,000 to 25,000) They will sell to get cash back because it feel comfortable like they get money they lost back Also Elliott wave analysis price move up from 25,000 to 30,000 by Diagonal pattern this is passible ending diagonal by Elliott wave theory The logic behind this pattern is big player slowly sell while price moving up (that why this pattern retrace deep compare with impulse wave) So Short in this area TP 1 : incase double correction is happen so price not go down strongly TP 2 : incase impulse wave is happen