BTC Short SFP 8 hr- All time Fav SetupBitcoin / US DollarCOINBASE:BTCUSDHYPR-runThe Swing Failure Pattern (SFP) has endless characterizations, and this one here is one of our favorite, which is why it's a short trigger in the strategy shown here. Not only do we have a solid 9 bar OBV down with slope, it's a bearish engulfing 10 previous bars, with a follow through immediately after the signal. ROC 200 is below the zero line and in white territory which means the consolidation has been lengthy and fully exhausted; it’s in the zone for the real move to present. This is a simple set-up we take every time. The reason we take it every time is that the SFP rejected the volume profile VAH right into a HVN in an exhausted consolidation. It could be the early entry to the $57.7k range lows. The obvious HVN/POC is what this trade has to overcome to target the VAL $60.6k. We want to see price auctions below that HVN and spend time and space there to feel more confident in the trade. During ranging and choppy regimes like BTC has been in since early June, we found that when we don't take this trade, then we miss the entry for the final move to range lows. The previous sfpL on 8/02 was a similar situation, but it failed to push through the volume profile VAH. If the current bar closes full with a lower low, the strategy will trigger an immediate add on this bar or if/when it presents in coming bars. If price moves just 2% down from here, the trapped buyers roughly doubles and will start to close positions (sell) that will require more buyers to step in, which looks unlikely considering they haven’t been able to catch a bid above 65k for almost 2.5 months.