Technical analysis by JacintoMonteiro about Symbol BTC: Sell recommendation (9/14/2024)

On 3h, a similar late August pattern is repeated, where the market starts to believe too much in growth, and of course the market makers punish everyone. I see Momentum Waves on MC showing exactly the same H&S pattern, which will almost always mean a sharp drop.1) CME Gap on Sept 7-8 went unfilled, and this is the first prerequisite for a 55k move.2) The daily VWAP is already very tired and may want to cool off by going below the zero line.3) The 2-6h RSIs are overheated as hell, accordingly they need to cool down too.4) And, I mean, just look at the liquidation map: 5bn longs will be liquidated at 55k! On the top the market just doesn't have anything to eat.We'll see who turns out to be right, maybe I'm wrong again, but I have a strong feeling we'll see a nice scam wick before the Rate Cuts to screw as many longs as possible.Why will the price recover quickly?Otherwise it would disrupt the upward mega-triangle of the parabolic cycle, and we also have a rate cut that is rumored to be bullish in nature.Going as planned for now, but it's possible that we'll check on 60k again.