Technical analysis by jaran about Symbol BTC: Sell recommendation (8/19/2024)

Long term. Monthly candles.There is a strong bearish divergence in the Force Index.In addition, it has been several months without overcoming historical highs.An accumulation phase could be identified from Q4 2022 to Q1 2023. After a bullish rally, it enters a sideways phase near the highs that could indicate a distribution phase of BTC bought in the accumulation phase with a profit of about +250%.Time to reap profits?