📉 BTC/USD 30-Min Chart Analysis
🔍 Strategy Used:
Descending Channel
Resistance Zone Rejection
EMA 70 Dynamic Resistance
Price Action: HH → HL Structure
Measured Move (Breakout Targeting)
📝 Quick Description:
Price formed a Higher High (HH) then pulled back into a Higher Low (HL) inside a descending channel.
Recently tapped into a strong resistance zone ($114,299 – $114,745) and is getting rejected.
EMA 70 adds confluence as a dynamic resistance.
A projected bearish move targets $111,932, aligning with previous support and a measured move.
🎯 Trade Setup:
Entry Zone: Resistance area rejection ($114,299 – $114,745)
Target: $111,932
Stop Loss: Above $114,745
Expected Move: –2.06% / –2,356 points
⚠️ Confirmation Tip:
Wait for bearish candle confirmation or break below channel midpoint before entering.
🔍 Strategy Used:
Descending Channel
Resistance Zone Rejection
EMA 70 Dynamic Resistance
Price Action: HH → HL Structure
Measured Move (Breakout Targeting)
📝 Quick Description:
Price formed a Higher High (HH) then pulled back into a Higher Low (HL) inside a descending channel.
Recently tapped into a strong resistance zone ($114,299 – $114,745) and is getting rejected.
EMA 70 adds confluence as a dynamic resistance.
A projected bearish move targets $111,932, aligning with previous support and a measured move.
🎯 Trade Setup:
Entry Zone: Resistance area rejection ($114,299 – $114,745)
Target: $111,932
Stop Loss: Above $114,745
Expected Move: –2.06% / –2,356 points
⚠️ Confirmation Tip:
Wait for bearish candle confirmation or break below channel midpoint before entering.
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
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.
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
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.