Technical analysis by EyyJasper about Symbol BTC: Sell recommendation (4/19/2025)

BTC Short setup. Not much to say. 15min Engulfing candle for the LH. Invalidation = SL = 1R. Entry = entering ASAP after two 15min downcandles after another below level (so not a specific level)Hopefully I'm right, would be great R:R as the TP is the lowest low around 74k and I don't want to lose 1R.SL changed to top of 16:00-16:15 15min candle. (reducing potential R loss as imo price shouldn't come back up this high anymore after first downmove).No. Leaving the SL as original SL. Might get a retest of the level. If it is a valid setup the wick of an engulfing candle shouldn't get wicked again. Price dropped back in consolidation PA instead of inefficiency so another HH isn't to be expected I think.Closed after 2nd push back up. Engulfing candle definitely not enough it seems like. will update on -r loss.-0.26R.My thought process is/was: There's an SFP at the highest high so we don't need to go back to these highs, therefore I should keep in mind the possible LH (via a LH level) which I thought we got here with the level + 15min engulfing candle.But the correct thought process is: has this SFP from the highest high (so the first SFP of tuesday) broken market structure? Yes ----> you can look for the LH, no ----> you shouldn't look for the LH, price will likely go back to this SFP highest high.