Technical analysis by mycotoxin about Symbol BTC: Sell recommendation (2/9/2023)

The 9 day chart shows an evening star candle on top after a strong bullish move up . The evening star candle on top of strong bullish candles indicates a trend change and the expectation is price should reverse direction . In this case that movement should be downwards and not upwards . My thought is BTC is still paying out the Bear-trap mentioned in the chart below and patience is warranted. In the current setup a fake-out could also play out where price pushes back to 23600 and then reveres downwards. The flip side ...Could BTC possibly move up from here ? ------------------------------------------------------------ Sure ...Anything is possible in the crypto market and id expect it would have to be a large bullish candle to move past 24083. ...However this said I'm still expecting the next major movement to be downwards.