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Technical analysis by Lord_Of_Dax_ about Symbol BTC: Sell recommendation (11/1/2023)

https://sahmeto.com/message/548023
Lord_Of_Dax_
Lord_Of_Dax_
Rank: 9999
1.5
Sell،Technical،Lord_Of_Dax_

ETF coming soon! Well well well. This is not so bullish to me and too many people are bullish right now. Technically speaking, I see a triangle formation right now and this tells me that we're about to end a larger figure (wave C)Sure we could see higher levels and many analysts start drawing a larger unfolding wave C but to be honest this is not what I'm seeing. This current move is a SWIFT MOVE and I'm also expecting an imminent reversal after that triangle plays out. Furthermore, I'm NOT DAY TRADING BTC anymore BUT I still have an interest into spot trading. I put an alert at the 38.2% level for more than 6 months already.Just take look at my last Tweet Analysis the 18th of March and you can see that I was pointing that level of confluence (36k).If I converted pretty much all my BTC into USDT, I'm now ready to start SHORTING this market as I believe that the price should return between 25k to 20k in a near future. I also could see 40k/42k or more next year with the BTC halving BUT I'm also staying open minded to a BEAR case as well as shown on the chart.

Translated from: English
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Signal Type: Sell
Time Frame:
3 روز
Price at Publish Time:
$34,469.51
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