Correction for Bitcoin?

Hi everyone! This is an idea for possible correction on Bitcoin . The market has provided 1325% gains since the COVID-19 crash in March 2020 and reached exhaustion recently.

Here are my reasons for this idea:

• Green line is crossing below red line and blue LSMA which is a bearish sign.
  
• Green line is above white energy which means upward pressure will continue and I expect to see lower highs in short term.
  
• Green line is about to cross below 50 level which will probably move the price down to Yellow Bollinger bands level.
  
• If white energy goes above the green line, trend will flip to bearish . We can expect lower lows and lower highs.
  
• Red RSI is on a decline and passed green line while moving downward which is another bearish sign. When red RSI goes below level 50 we can expect to see lower Aqua (35k) and Orange (26k) Bollinger bands.
  
• Blue LSMA is also on a decline and when it goes below 50 level we can expect Bollinger bands to expand and each candle body is likely to closed between lower Aqua and Orange Bollinger bands
  

So, the question is: Has time come to take profits and/or short entry for long term?

Please leave your thoughts and comments below. Thank you!🙏
Happy Trading!

Notice: This is not a financial advice.