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Technical analysis by espluto about Symbol BTC: Sell recommendation (11/26/2023)

https://sahmeto.com/message/584737
espluto
espluto
Rank: 18029
Sell،Technical،espluto

Bitcoin has been steadily rising for a about 2 months. We are seeing bearish divergence on the Daily and 4 hour time frames.Daily:4 hour:Seeing that we've been rising for so long, BTC likely needs a breather. Based on the divergence and fact that we are oversold (Weekly), I see btc going lower in the coming days / week. The current trendline and 200 day moving average seem to coincide at 28-31k. That is likely where i feel we will land.let me know your thoughts.

Translated from: English
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Signal Type: Sell
Time Frame:
1 day
Price at Publish Time:
$37,741.89
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