Technical analysis by Chris4XTrading about Symbol BTC: Sell recommendation (1/15/2024)

Excuse the mess, but I had to post this. Historically we've always seen the price re-test new substantial highs. I predict a re-test upwards of 49k within the next 4-5 weeks. Till then, expect the price to trend lower, potentially dipping below 38k (this is a solid buy-in spot) before re-testing. Important things to note - we've approached (and tested) the 1:1 (midpoint angle) on the Gann Fan. Crossing and staying above this trendline means that 69k is achievable this year. If momentum fails, we risk a sell-off back down below 32k and can look at hitting 69 in 2025 again. The plan: trade the re-test, sell the profits (like everyone else), continue short till 38K.Price reached a low of 38,500. Currently approaching the re-test of 49k.