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

https://sahmeto.com/message/873801
Chris4XTrading
Chris4XTrading
Rank: 5317
1.7
Sell،Technical،Chris4XTrading

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.

Translated from: English
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Signal Type: Sell
Time Frame:
1 week
Price at Publish Time:
$42,423.02
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