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Technical analysis by theroadtoprofit about Symbol BTC: Sell recommendation (12/9/2023)

https://sahmeto.com/message/604745
theroadtoprofit
theroadtoprofit
Rank: 9595
1.5
Sell،Technical،theroadtoprofit

A co-worker came up today telling me they made a coinbase account and are looking to get into crypto. Give or take a squeeze up to the macro 78.6% retracement around 51k, the top should be in. I don't believe the bear market has concluded, and that this entire move from the FTX crash low has just been a bear market rally of BTC magnitude.The majority of BTC maxis, hodlers, dca investors and fundamental bulls do not count 10k as a possibility, which leads me to conclude that its more likely than all time highs at this point.The news and/or events that cause the downswing are unknown. I do not recommend to short rather to take profits on existing positions with the goal to buy more at a lower price.10k, 6k, and dare I suggest lower are all possible.

Translated from: English
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Signal Type: Sell
Time Frame:
21 روز
Price at Publish Time:
$43,708.19
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