This chart shows a bearish trading setup for Bitcoin (BTC/USD) on the 15-minute timeframe. Here's a breakdown:
Rising channel: Price has been moving upwards within a clearly defined ascending channel.
Entry level: Around $103,359, indicating the expected point to enter a short (sell) trade.
Stop loss: Just above the channel, at $103,640, limiting risk if the trade goes against you.
Take profit: Target set at $102,701, where the trader expects to exit with a profit.
Trade Idea Summary:
Bias: Bearish (expecting price to drop)
Setup: Short after breakdown from rising channel
Risk/Reward Ratio: Roughly 1:1.7, which is a favorable setup.
Let me know if you'd like help backtesting this strategy or applying it to other charts.
Rising channel: Price has been moving upwards within a clearly defined ascending channel.
Entry level: Around $103,359, indicating the expected point to enter a short (sell) trade.
Stop loss: Just above the channel, at $103,640, limiting risk if the trade goes against you.
Take profit: Target set at $102,701, where the trader expects to exit with a profit.
Trade Idea Summary:
Bias: Bearish (expecting price to drop)
Setup: Short after breakdown from rising channel
Risk/Reward Ratio: Roughly 1:1.7, which is a favorable setup.
Let me know if you'd like help backtesting this strategy or applying it to other charts.
t.me/aoh7ntKqUcdkZWJkhttps://t.me/aoh7ntKqUcdkZWJkIm professional forex trader....Im providing signals ..join me telegram channel
t.me/aoh7ntKqUcdkZWJkIm
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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.
t.me/aoh7ntKqUcdkZWJkhttps://t.me/aoh7ntKqUcdkZWJkIm professional forex trader....Im providing signals ..join me telegram channel
t.me/aoh7ntKqUcdkZWJkIm
t.me/aoh7ntKqUcdkZWJkIm
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.