Technical analysis by Theta-Digital about Symbol BTC: Sell recommendation (8/11/2024)

short entry: $60,700 -- stop: $64,000 -- target: $43,000mean-reversion followed by forced liquidationstook profit at 56.6scaling back into short at 60.1reducing position due to lack of downside actionscaling out at $58,870entered short at 59.4target 56.5 - 57.0took profit at 58.4scaled back into short at 59.5added to short at 59.7taking 30% profit at 58.2fully scaled out at 58.0scaling back into short at 58.6taking profit at 57.8re-entered 40% short at 59,670adj. stop to 60.0short still onscaling out of short at 58.1scaling into 35% short at 59+scaled short up to 50% at 59,050at 58.8re-entered 35% short at 59.0adding to short up to 70% at $60,960scaled up to 100% short at $60,950taking some profit at 58.9at 58,850scaling into a short at 59,460added to short here at 61.2 avg. entry now at 59.7scaled out at 60.3re-entering short at 61.2reducing short by 35% at 61.5scaled back up to 100% short at 62.0added 20% to short here at 63.1added 15% to short at 63.7holding full short here at 64.0added 20% to short at 64.1reduced 35% size in profit at 63.3reduced short by 50% here at $62,475short at 58.7scaled short to 166% -- avg. entry 58.7added to short here at 60.1took profit on 70% of short at 59.2closed 100% at 58.9re-entered 50% short at 59.0scaled into 100% short avg. 59.0added to short at 59.5took 1/3 profit at 56.8took 2/3 profit at 57.0re-entered 100% short 56.7cut 1/3 at 57,150 againre-entered 100% at 57,050took 1/2 profit at 56.9took 100% profit at 57.0re-entered 1/2 short lower at 56.5sized short up to 100% here at 56.1took 2/3 profit at 55.9re-entered 100% short at 56.3took profit at 55.5re-entered 50% short at 55.5took profit at 54.8full short at 56.5short still on here at 56.5took profit at 56.3re-entered momentum short at 57.4