Technical analysis by MrClock about Symbol BTC: Sell recommendation (12/1/2023)

Bitcoin is climbing in a dangerous formation with low volume, creating a trading pattern known as "Rising Wedge". This pattern typically tends to reverse the short-term trend, potentially driving the price down to the base of the formation in the region of $35,000. Therefore, for safety, I have decided to sell a portion of my Bitcoins. Selling Price: $38,400 Volume: 33% Current Portfolio: 66% Bitcoin / 33% USD / 0% AltcoinsBitcoin Breaks Upward Pattern Good morning! Bitcoin has broken through its narrowing upward pattern. The projection for this pattern's target, calculated based on the size of the triangle's base, has almost been reached just now at 42,000. Yesterday, I bought back most of the Bitcoins I had previously sold for safety at around 39,550, leaving a small part I couldn't buy as the price rose too quickly. I plan to use this remaining USD balance to buy altcoins. Average purchase price: 39,550 Volume: 26% Total portfolio: [ 92% Bitcoin | 7% USD | 0% Altcoins ]