Bitcoin (BTC/USD) Sell at market
Bitcoin (BTC/USD) chart
Levels
- Entry
- 76,100.94 zone 76,009.37 to 76,192.51
- Stop loss
- 77,474.42 1,373.5 dollars from entry
- Target 1
- 74,727.46 not reached
- Target 2
- 73,353.97 not reached
- Target 3
- 71,980.49 not reached
- Filled
- 76,132.91 7 Nov, 09:01 UTC
- Closed
- 75,834.31 7 Nov, 13:01 UTC
One third of the trade closes at each target, and the stop moves to the entry after target 1.
Why this trade
This is a mechanical sell signal for BTCUSD at market around 76100. It follows Larry Connors' RSI(2) pullback rule on the 4-hour timeframe, which triggers a short when the 2-period RSI rises above 90 (currently 92) while the price remains below its 200-period SMA (81011). The strategy's tested record is slightly negative across multiple assets. The broader trend on both the daily and 4-hour charts is down, supporting a short position. However, reaching the first target at 74727 requires breaking the recent 5-day low support at 74732. The stop loss at 77474 sits above the R2 pivot (77156), invalidating the setup if breached.
ChartPrice structure on the chart: trend, levels, volatility.
About the strategy: RSI(2) pullback
RSI strategies are the third most starred family in our Pine library (179 scripts, 4,691 stars); this is Larry Connors' RSI(2). On 4-hour bars, buy at market when RSI 2 drops under 10 while price is above its 200 SMA, and sell when RSI 2 rises above 90 below the 200 SMA. Stop 1.5 ATR, targets 1R, 2R and 3R; the rest closes when price crosses back over the 5 SMA, or after 10 bars.
Caveat: Average per trade across the 11 instruments tested (7 FX majors, gold, silver, Bitcoin, Ether), costs included. Close to break-even before costs but slightly negative after them; positive on 1 of 11 instruments. Not tested on WTI or the Nasdaq 100.
The idea, explained: The RSI indicator
Timeline
- Entry filled 76,132.91
- Signal published 76,100.94
- Reason added
- Confidence scored Score 46
- Trade closed 75,834.31 Strategy exit, +0.22R
Proof it was not edited
When this signal was published, its fixed fields were written to a record and fingerprinted with SHA-256. The fingerprint also contains the one before it, so a change anywhere breaks the chain. You can check it in your browser.
- Hash
- 776476e2e85dd412fff75af9a64cf6c88a3b000462e7429d12b856f4129a145f
- Previous hash
- 10fd7a09e9b10a392135e39331d8227b7c293161a5bc879b0d164572b0d76556
Show the signed record
{"v":2,"symbol":"BTCUSD","side":"sell","order_type":"market","timeframe":"4h","strategy":"pop_rsi2_4h","source":"data","oco_group":null,"entry":"76100.94","zone_lo":"76009.37","zone_hi":"76192.51","sl":"77474.42","tp1":"74727.46","tp2":"73353.97","tp3":"71980.49","created_at":"2026-11-07T09:01:02Z","expires_at":"2026-11-07T09:16:02Z","max_close_at":"2026-11-09T17:16:02Z","risk":"high","prev_hash":"10fd7a09e9b10a392135e39331d8227b7c293161a5bc879b0d164572b0d76556"}
Risk High Risk
- Track record: flagged
Its rule was not profitable after costs in every period we tested.
- Type of trading: passed
Swing trade, not a scalping or news trade.
- News: passed
No high-impact release was due while the order waits or in its first 4 hours.
- Costs: passed
The spread is a small share of the stop distance (under 10%).
High Risk means at least one check flagged this trade. Size it smaller, or skip it if you only follow Cautious signals. The tag was set when the signal was published and is part of its signed record.
Confidence
The strategy's tested record is slightly negative, and reaching the first target requires breaking solid support at the recent 5-day low of 74732.
Signals scored 40-49 have won 49% of 47 closed.
Confidence is a score from 0 to 100 given by an AI model. It is checked against how signals in the same band really ended, so treat the measured rate as the evidence, not the score. Reading a track record