This is a *4-hour BTC/USD chart* from *TradingView, showing a **bearish trading setup* based on *Smart Money Concepts (SMC)* and *price action trading*.
### *Tools & Patterns Used in the Chart:*
1. *Change of Character (CHOCH)*
- Marked twice, indicating a shift from bullish to bearish market structure.
2. *Break of Structure (BOS)*
- Confirms bearish continuation after the CHOCH.
3. *Trend Line*
- Used to track the upward move before the expected breakdown.
4. *Supply Zone / Point of Interest (POI)*
- The *POI* is highlighted, showing where price is expected to react before reversing.
5. *Stop Loss (SL) Area*
- Marked in *pink*, indicating where the trade will be invalidated if price moves above it.
6. *Liquidity Grab (SSL - Sell Side Liquidity)*
- Suggests that price may sweep liquidity before continuing downward.
7. *Bearish Projection (Blue Path)*
- Indicates the expected *downward move, with a target around *$76,601 - $79,416**.
### *Conclusion:*
This chart suggests a *bearish setup, with a short trade planned from the **POI, expecting a breakdown after a liquidity grab. The trader is using **SMC tools like CHOCH, BOS, POI, and liquidity sweeps* to anticipate the market move
### *Tools & Patterns Used in the Chart:*
1. *Change of Character (CHOCH)*
- Marked twice, indicating a shift from bullish to bearish market structure.
2. *Break of Structure (BOS)*
- Confirms bearish continuation after the CHOCH.
3. *Trend Line*
- Used to track the upward move before the expected breakdown.
4. *Supply Zone / Point of Interest (POI)*
- The *POI* is highlighted, showing where price is expected to react before reversing.
5. *Stop Loss (SL) Area*
- Marked in *pink*, indicating where the trade will be invalidated if price moves above it.
6. *Liquidity Grab (SSL - Sell Side Liquidity)*
- Suggests that price may sweep liquidity before continuing downward.
7. *Bearish Projection (Blue Path)*
- Indicates the expected *downward move, with a target around *$76,601 - $79,416**.
### *Conclusion:*
This chart suggests a *bearish setup, with a short trade planned from the **POI, expecting a breakdown after a liquidity grab. The trader is using **SMC tools like CHOCH, BOS, POI, and liquidity sweeps* to anticipate the market move
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.
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.