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Technical analysis by jdaraque about Symbol BTC: Sell recommendation (1/21/2024)

https://sahmeto.com/message/894068
jdaraque
jdaraque
Rank: 16455
1.4
Sell،Technical،jdaraque

https://www.tradingview.com/chart/Oq9e9fSQ/ Bitcoin analyzing the 4 hour and daily chart, could have a rebound and then fall again, the question will be if it will fall more or not, on the charts there is a good possibility that it will break to look for the 200 moving averages in the area close to US$36,500, a strong resistance also supported on the weekly chart. If the price reaches here, we will have to monitor the rebound that occurs to see if it is definitive or just a consolidation level before a definitive impulse to start new highs, surely achieved in the last quarter of 2024

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$41,674.36
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