Optimum369

20 reason for sell BTC

Short
CME:BTC1!   Bitcoin CME Futures
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Near to bottom, last impulse move is ready
2 📆Monthly: extreme support level is coming from 13500 to 12000. Overall area trend is bearish
3 📅Weekly: bear
4 🕛Daily: Rounding Pattern /need to correct Structure Imbalances level

😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bear
6: 2 Pattern Candle Chart: resistance at mid-band
7: 3 Volume: low volume at correction
8: 4 Momentum UNCONVENTIONAL Rsi: sideways between 40 to 60
9: 5 Volatility measure Bollinger bands: resistance at mid-band or 20 moving average
10: 6 Strength ADX: bearish farming a retracement curve bears are strong
11: 7 Sentiment ROC:

✔️ Entry Time Frame: H4
12: Entry TF Structure: bullish till level
13: entry move: we will enter at a bearish move
14: Support resistance base: daily resistance
15: FIB: waiting for a trigger

☑️ final comments: wait till full correction
16: 💡decision: sell at resistance
17: 🚀Entry: 17900
18: ✋Stop losel:18750
19: 🎯Take profit: 13500
20: 😊Risk to reward Ratio: 1:8
🕛 Excepted Duration:30 days

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.