📉🚨
🔹 Asset: Bitcoin – BTC/USD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown (Rising Wedge Reversal with Fibonacci Confluence)
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $85,700 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $86,413 (Key Resistance Level)
🎯 Take Profit Targets
📌 TP1: $84,135 (Support Level)
📌 TP2: $83,025 (0.5 Fibonacci Retracement Level)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$86,413 - $85,700 = $713 risk per trade
📈 Reward to TP1:
$85,700 - $84,135 = $1,565 (1:2.1 R/R)
📈 Reward to TP2:
$85,700 - $83,025 = $2,675 (1:3.75 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price action is forming a bearish wedge, signaling a potential reversal.
📌 Fibonacci Confluence: The 0.5 Fibonacci level ($83,025) aligns with a strong support zone.
📌 Resistance at $86,413: A strong rejection from this level supports the bearish setup.
📌 Volume Confirmation Needed: Look for increasing selling volume below $85,700 for validation.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $85,700 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($85,700) after hitting TP1 ($84,135).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($84,135), let the rest run toward TP2 ($83,025).
✔ Adjust Stop-Loss to Break-even ($85,700) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakdown Risk: If the price reclaims $85,700, exit early.
❌ Confirmation Required: Wait for a 30-min candle close below $85,700 before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Rising Wedge Breakdown & Fibonacci Confluence.
✔ Favorable Risk-Reward Ratio – 1:3.75 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #Bitcoin #BTC #Crypto #ShortTrade #TradingView #ProfittoPath 💰📊
🔹 Asset: Bitcoin – BTC/USD
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bearish Breakdown (Rising Wedge Reversal with Fibonacci Confluence)
📊 Trade Plan (Short Position)
✅ Entry Zone: Below $85,700 (Breakdown Confirmation)
✅ Stop-Loss (SL): Above $86,413 (Key Resistance Level)
🎯 Take Profit Targets
📌 TP1: $84,135 (Support Level)
📌 TP2: $83,025 (0.5 Fibonacci Retracement Level)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance):
$86,413 - $85,700 = $713 risk per trade
📈 Reward to TP1:
$85,700 - $84,135 = $1,565 (1:2.1 R/R)
📈 Reward to TP2:
$85,700 - $83,025 = $2,675 (1:3.75 R/R)
✅ Favorable Risk-Reward Ratio toward TP2
🔍 Technical Analysis & Strategy
📌 Rising Wedge Breakdown: Price action is forming a bearish wedge, signaling a potential reversal.
📌 Fibonacci Confluence: The 0.5 Fibonacci level ($83,025) aligns with a strong support zone.
📌 Resistance at $86,413: A strong rejection from this level supports the bearish setup.
📌 Volume Confirmation Needed: Look for increasing selling volume below $85,700 for validation.
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure strong selling volume below $85,700 before entering.
📉 Trailing Stop Strategy: Move SL to break-even ($85,700) after hitting TP1 ($84,135).
💰 Partial Profit Booking Strategy
✔ Take 50% profits at TP1 ($84,135), let the rest run toward TP2 ($83,025).
✔ Adjust Stop-Loss to Break-even ($85,700) after TP1 is reached.
⚠️ Risks & Considerations
❌ Fake Breakdown Risk: If the price reclaims $85,700, exit early.
❌ Confirmation Required: Wait for a 30-min candle close below $85,700 before entering.
🚀 Final Thoughts
✔ Bearish Setup – Strong downside potential.
✔ Rising Wedge Breakdown & Fibonacci Confluence.
✔ Favorable Risk-Reward Ratio – 1:3.75 toward TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📉
🔗 #Bitcoin #BTC #Crypto #ShortTrade #TradingView #ProfittoPath 💰📊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.