DESCENDING CHANNEL PATTREN
#Bitcoin (BTC/USD) Market Update 📉
Bitcoin is currently following a descending channel pattern.
The current market price of Bitcoin is $95,760.
Traders are closely watching the 97,400 entry level.
If Bitcoin reaches this level, a sell position may be triggered.
The first target for this trade setup is $94,800.
The final target is set at $90,800 for a bigger move.
The Exponential Moving Average (EMA 50) is acting as resistance .
This setup is based on a 4-hour time frame
A descending channel suggests a continuation of the downtrend.
Swing traders are looking for opportunities in this trend.
Key Indicators:
The EMA 50 is confirming bearish pressure.
Bitcoin needs to break above $97,400 to invalidate the setup.
A strong rejection at this level could push the price lower.
If Bitcoin breaks below $94,800, it could accelerate the drop.
Market volatility is increasing, so risk management is essential .
Traders should watch for volume confirmation before entering the trade
A breakout above the descending channel may change the trend 🔄.
If Bitcoin holds above EMA 50, a bullish reversal is possible .
For now, the trend remains bearish, favoring short positions
Stay cautious and trade wisely! #CryptoTrading #BitcoinAnalysis
Bitcoin is currently following a descending channel pattern.
The current market price of Bitcoin is $95,760.
Traders are closely watching the 97,400 entry level.
If Bitcoin reaches this level, a sell position may be triggered.
The first target for this trade setup is $94,800.
The final target is set at $90,800 for a bigger move.
The Exponential Moving Average (EMA 50) is acting as resistance .
This setup is based on a 4-hour time frame
A descending channel suggests a continuation of the downtrend.
Swing traders are looking for opportunities in this trend.
Key Indicators:
The EMA 50 is confirming bearish pressure.
Bitcoin needs to break above $97,400 to invalidate the setup.
A strong rejection at this level could push the price lower.
If Bitcoin breaks below $94,800, it could accelerate the drop.
Market volatility is increasing, so risk management is essential .
Traders should watch for volume confirmation before entering the trade
A breakout above the descending channel may change the trend 🔄.
If Bitcoin holds above EMA 50, a bullish reversal is possible .
For now, the trend remains bearish, favoring short positions
Stay cautious and trade wisely! #CryptoTrading #BitcoinAnalysis
Trade active
🚀 BITCOIN TRADE UPDATE – TARGET 1 HIT! 🎯🔥 BTC/USD has successfully reached our first target level, moving from 95,760 to 94,800 – securing +190 pips profit! ✅💰
📉 Next Target Area: 90,800
👀 Waiting for confirmation from the EMA50 on the 4H time frame before executing the next swing trade.
⚡ Stay patient, stick to the strategy, and let's catch the next big move! 📊🚀
#Bitcoin #BTCUSD #CryptoTrading #SwingTrade #EMA50 #Profit
Trade closed: target reached
🚀 BTC/USD Target Hit Successfully! 🎯💰🔥 Running 570+ pips in profit! 🏆✅
📈 Winning Trade! The LIN strategy & EMA 50 indicator are working perfectly! 📊📉
⚡ Precision + Strategy = Profit! 💡
📊 EMA 50 confirmed the trend, and we executed perfectly! 🚀💵
💰 Smart moves, big gains—this is how we trade! 🔥
💪 Stay tuned for more profitable setups! 📢📈
#Crypto #Bitcoin #TradingSuccess #Profit #BTC #Forex #EMA50 #BullRun
Note
amazing trade
t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis
t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis
t.me/+tEr85TNnuD8xNDc8
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.
t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis
t.me/+tEr85TNnuD8xNDc8
Iam Expert Trader iam providing best and confirm signals With confirm Technical Analysis
t.me/+tEr85TNnuD8xNDc8
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.