Technical analysis by Butterfly-wing about Symbol BTC: Sell recommendation (11/17/2024)

Sorry, we should sell, this is my trading plan!!In my previous BTC analysis, I mentioned my belief that Trump would win the election, potentially drivingBTCUSD to a new all-time high. However, I don’t expect this surge to lead to a sustained bull market. Instead, I anticipate this to be an emotional reaction, with prices likely falling after a few days.Now, with BTC trading above $90,000, I'm preparing to build a short position. Here's my strategy:Since there are no clear resistance levels above this point, I plan to make my first short sale at $82,000 and the next at $87,000, giving me an average entry of $84,500. I'll set my stop-loss at $89,500, and my target is $74,500, Giving me an average entry of $84,500. I'll set my stop-loss at $89,500, and my target is $74,500, aiming for a 1:2 risk-to-reward ratio.I acknowledge that this trade is based more on intuition than on solid technical analysis, and I’m fully aware that it goes against the prevailing strong uptrend.My rationale is that if BTC were to reach $100,000 in a sustained move now, without a solid drop before, it would be “too easy”—perhaps even too expected by all the traders.And if I’m wrong, well, we can’t win them all, and I’ve already accounted for the potential loss in my outlook.Hello, I think everyone has seen many friends profit from our signals. Most people have made a lot of money. Many friends did not listen to my advice and chose the wrong way. They thought they could make a profit. If you want to understand. You come to the market to make money. And also for fun. Then follow me. Do what I say, and your profit will double. Let your profit grow. As long as you stick to it, the stable profit per week will be at least between 200%-400%. Don't wait until your account balance reaches 0 to realize that there is something wrong with your trading method.