Instrument : BTC/USD
Entry: 94,524 USD (65% Fib retracement of the last down‑swing)
Stop Loss: 95,047 USD (≈2 × ATR above entry; just above the recent swing high)
Take Profit: 93,478 USD (≈4 × ATR below entry / next structural support)
Rationale:
Downtrend Structure: Price has formed a series of lower highs and lower lows on both the 1 h and higher time‑frames.
EMA Alignment: The fast EMA is below the slow EMA, both sloping down on 1 h, with the HTF EMA confirming the bearish bias.
Momentum Indicators: RSI and MACD readings are in seller‑favoring territory; volume has been lighter on rallies.
ATR‑Based Levels: SL is set at 2 × ATR to allow for normal intraday swings; TP at 4 × ATR targets a roughly 2 : 1 reward/risk.
Risk/Reward: ~2 : 1
Risk per BTC: 95,047 – 94,524 = 523 USD
Reward per BTC: 94,524 – 93,478 = 1,046 USD
Entry: 94,524 USD (65% Fib retracement of the last down‑swing)
Stop Loss: 95,047 USD (≈2 × ATR above entry; just above the recent swing high)
Take Profit: 93,478 USD (≈4 × ATR below entry / next structural support)
Rationale:
Downtrend Structure: Price has formed a series of lower highs and lower lows on both the 1 h and higher time‑frames.
EMA Alignment: The fast EMA is below the slow EMA, both sloping down on 1 h, with the HTF EMA confirming the bearish bias.
Momentum Indicators: RSI and MACD readings are in seller‑favoring territory; volume has been lighter on rallies.
ATR‑Based Levels: SL is set at 2 × ATR to allow for normal intraday swings; TP at 4 × ATR targets a roughly 2 : 1 reward/risk.
Risk/Reward: ~2 : 1
Risk per BTC: 95,047 – 94,524 = 523 USD
Reward per BTC: 94,524 – 93,478 = 1,046 USD
Trade closed: stop reached
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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.