technical breakdown of your BTC/USD 4H trade setup based on the data I'm provided:
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BTC/USD 4H Chart Pattern Analysis
Current Action:
SELL @ 106,000
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Key Technical Levels:
Entry Point (Sell): 106,000
(Indicates rejection at or near resistance or possible trendline breakdown)
Target 1: 102,000
(Short-term support or previous demand zone)
Target 2: 93,500
(Major support zone — likely a high confluence area from past structure)
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Pattern & Price Action Analysis:
Bearish Reversal Signal Likely at 106K:
Potential rejection wick, double top, or bearish engulfing at this level.
Descending Triangle or Rising Wedge Breakdown:
If price broke support of a wedge or triangle pattern, this would justify bearish continuation.
Volume Analysis (if applicable):
Decreasing volume on the push up followed by a heavy sell-off = confirmation of a trap and reversal.
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Trade Setup:
Sell Entry: 106,000 (activated)
Stop Loss (suggested): 107,500–108,000 (above key resistance or invalidation zone)
Take Profit 1: 102,000 (watch for bounce)
Take Profit 2: 93,500 (major target if trend continues)
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Risk-Reward Outlook:
Risk-Reward Ratio to 102,000: ~2:1
Risk-Reward Ratio to 93,500: ~4–5:1 (strong swing trade potential)
---
Summary:
This is a bearish swing trade setup based on a potential rejection or pattern breakdown at the 106,000 level, with high-probability targets at 102,000 and 93,500. Risk management is critical due to BTC's high volatility.
---
---
BTC/USD 4H Chart Pattern Analysis
Current Action:
SELL @ 106,000
---
Key Technical Levels:
Entry Point (Sell): 106,000
(Indicates rejection at or near resistance or possible trendline breakdown)
Target 1: 102,000
(Short-term support or previous demand zone)
Target 2: 93,500
(Major support zone — likely a high confluence area from past structure)
---
Pattern & Price Action Analysis:
Bearish Reversal Signal Likely at 106K:
Potential rejection wick, double top, or bearish engulfing at this level.
Descending Triangle or Rising Wedge Breakdown:
If price broke support of a wedge or triangle pattern, this would justify bearish continuation.
Volume Analysis (if applicable):
Decreasing volume on the push up followed by a heavy sell-off = confirmation of a trap and reversal.
---
Trade Setup:
Sell Entry: 106,000 (activated)
Stop Loss (suggested): 107,500–108,000 (above key resistance or invalidation zone)
Take Profit 1: 102,000 (watch for bounce)
Take Profit 2: 93,500 (major target if trend continues)
---
Risk-Reward Outlook:
Risk-Reward Ratio to 102,000: ~2:1
Risk-Reward Ratio to 93,500: ~4–5:1 (strong swing trade potential)
---
Summary:
This is a bearish swing trade setup based on a potential rejection or pattern breakdown at the 106,000 level, with high-probability targets at 102,000 and 93,500. Risk management is critical due to BTC's high volatility.
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Trade active
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bitcoin sell running 300 pips
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📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.