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Technical analysis by limitlessroh about Symbol BTC: Sell recommendation (11/29/2023)

https://sahmeto.com/message/586961
limitlessroh
limitlessroh
Rank: 16144
1.5
Sell،Technical،limitlessroh

Main-Finishes a wedge with classic five higher highs.-Risk/Reward ratio: 3.5~20Plan-If it breaks the upper trendline, take a loss, and watch till it makes sense.-50% profit at 37.9k. -If it keeps making higher highs, short with lower leverages, and hold until the trendline breaks.-Next 25% profit at 37k.-After 75% profit, there could be a flat wave, making a new high without touching 34.8k. If that's the case, close the position, then short at flat B.-Full profit at the 34.8k & switch.Sub1. There could be a few more tops maintaining the wedge trendline.2. Breaks current wedge trendline, and makes a new one.

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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$38,083.88
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