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Technical analysis by Cinnamon_Club about Symbol BTC: Sell recommendation (9/8/2025)

https://sahmeto.com/message/3761965
Cinnamon_Club
Cinnamon_Club
Rank: 6610
1.5

Triple confirmation with early stop for BTC

:Sell
Price at Publish Time:
$112,204.21
Sell،Technical،Cinnamon_Club

My trading strategy has been evolving over time after running several backtesting sessions and going through trial and error in real time. Currently, it consists of looking for trades with at least 3 confirmations and an early stop loss. In this case, we can see that BTC shows the following confirmations for a short position: -Completed Elliott Wave count, with 5 waves and 5 sub-waves finished. -Rising wedge (bearish signal). -Double top on the 1D chart. -RSI divergence in 1D and 1W. Additionally, it also meets the condition of having a nearby stop loss at the 1D candle close at 112,550 (meaning that if there’s a daily candle close above 112,550, we exit the trade with a small loss). These types of trades are the ones I’ve been executing for some time now, and they’ve given me a very good hit rate (with only a few losses).The trade was closed at the daily cande close above green resistance (early stop loss activated ). This upward move also activate a triangle which projection is up to 118.500 aprox. This projection also hunt stops which are above 117.500, so my next plan is to wait the price to reach that range price (117.500-118.500) and make a low time frame short entry in order to make another short entry in higher prices.

Source Message: TradingView
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