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Technical analysis by MrFring about Symbol BTC: Sell recommendation (1/7/2024)

https://sahmeto.com/message/843553
MrFring
MrFring
Rank: 20514

BTC 48k??

Sell
Price at Publish Time:
$44,349.09
Sell،Technical،MrFring

Ive been going through major time frames for btc , what i noticed is that imbalances(colored candles)on the weekly time frame match the daily, the main area is 33k/32k ,lower time frames suggest we have imbalances to the downside all the way down to 40k which is at the 200MA level,we havent tested it since last year October, i think a break of 40k/38k will take us down to those 33/32k levels , not far fetched seeing that the VIX may be set to launch to 20 looking at call options, after that happens thats when i think btc will head to 48k and beyond (100k), but a different case , they announce news on the ETF , sends us to 48/49/50k and we drop just before the BTC halving , either way i expect a drop, what do you think?

Source Message: TradingView
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