Technical analysis by TradingOn about Symbol BTC: Sell recommendation (12/17/2024)

Bitcoin uptrend looks exhausted and keeps getting rejected on overbought RSI zone, a retracement down to 100EMA support seems around the corner.⚡️⚡️ #BTC/USDT ⚡️⚡️Exchanges: Bitget FuturesSignal Type: Regular (Short)Leverage: Isolated (15.0X)Amount: 5.0%Current Price:106966.8Entry Zone:107142.0 - 108740.0Take-Profit Targets:1) 104521.81) 101946.71) 99371.7Stop Targets:1) 110802.2Published By: @ZblabaBTC BTCUSDT.P #4h #Bitcoin bitcoin.orgRisk/Reward= 1:1.2 | 1:2.1 | 1:3.0Expected Profit= +47.5% | +83.3% | +119.1%Possible Loss= -39.8%Estimated Gaintime= 1-2 weeksBTCUSDT.P Entered entry zone Period: 24 MinutesBTCUSDT.P TP1 with +1.2R #BTC/USDT Take-Profit target 1 ✅ Profit: 43.9221% 📈 Period: 1 Days 10 Hours 18 Minutes ⏰ BTC got rejected on supply zone, formed a gravestone doji then retraced down as forecast, quite a timing!