Cartela

We’re able to identify a sell opportunity in BTCUSD around the $112k level. We anticipate a sell off around that zone. Our target profit is at 109281.11 SELL CONSERVATIVELY!

I anticipate a sell opportunity in BTCUSD. from the H1 perspective, I just spotted a potential sell zone around the 112k A sell opportunity is envisaged upon seeing confirmation from that price zone

A sell signal is confirmed around the new All Time High price of $3600 we’re swinging this position to 3501.94 . Therefore, a sell position is envisaged.

Gold is long overbought as we’ve been seeing a strong bullish performance since November 2022 till date without significant correction so far. Right now I believe investors are looking to take their profit so far which will lead to market making some corrective move at-least to the area of 3272.00 before market can pick up again. So far, we’ve had 2 successful bullish wave so I believe before the market will make the 3rd impulse move. We’re going to see some short-term correction. Therefore, we’re already positioned in lower timeframe to rise this trend that’s about to develop in lower timeframe.

Price is testing and rejecting the 112,312 level one more time.. technically, we can see how price previously tested and strongly rejected that level. Right now it’s reacting at the same zone. We are likely to see another selling pressure off of that level. Also, we can notice how the resistance level shares a nice confluence with a resistance channel trendline. This further shows high selling tendency around that price level.

In todays analysis, we can see how price currently trades at $3,541 we are at a crucial level where traders are looking forward to seeing what’s the next possible move in this market. Technically, a break above $3,563 validates a buy opportunity but a break below $3,525 validates a sell.

The sell opportunity we long envisaged on gold has finally triggered our order at 3547. We expect a form of short-term bearish price action to develop. Our target profit is at $3450

Price currently trade at previous all time high of $3500 a sell opportunity is envisaged from the current market price. Our target profit is at 3466.57 and our stop losses is at 3524.

From the H4 Chart, we can see how price Is trading close to all time high. Technically, I anticipate a significant decline in price. I anticipate a sell opportunity to develop away from that level. A sell opportunity is envisaged.

BTC currently trade at 108.571 we can see how price has broken a trendline support which technically indicates a slowdown in momentum. We can also see how price trades at previous all time high of 108k. This got traders questioning whether there’s gonna be a shorterm correction in price. By the way we’re looking forward to selling BTCUSD once we get a confirmation from the lower timeframe.