BITCOIN (BTCUSDT) 15m Timeframe Technical Analysis:
In the 15-minute timeframe, Bitcoin (BTCUSDT) has offered a short trade entry at $67,607.9, following a breakdown below the Risological dotted trendline. This signals a potential downside, with multiple targets charted below for this trade.
Key Levels:
Observations:
Bitcoin is poised for further downside, with multiple targets set. The strong rejection below the Risological dotted trendline supports the short bias, and traders should watch for price action around the targets for potential exits or extensions of the trade.
In the 15-minute timeframe, Bitcoin (BTCUSDT) has offered a short trade entry at $67,607.9, following a breakdown below the Risological dotted trendline. This signals a potential downside, with multiple targets charted below for this trade.
Key Levels:
- Entry: $67,607.9
- Stop Loss (SL): $68,227.5
- Trailing Stop: $67,676
- Target 1 (TP1): $66,842 (First target)
- Target 2 (TP2): $65,602.6
- Target 3 (TP3): $64,363.3
- Target 4 (TP4): $63,597.4
Observations:
- The price broke below the Risological dotted trendline, indicating bearish momentum.
- Trailing stop at $67,676 is in place to secure profits as the price moves lower.
Bitcoin is poised for further downside, with multiple targets set. The strong rejection below the Risological dotted trendline supports the short bias, and traders should watch for price action around the targets for potential exits or extensions of the trade.
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- Check this indicator and thank me later > Risological.com
- Get blown away by its accuracy
- Apply on any cart, any time frame.
- 7-Day 100% Money Back Guarantee
- Get blown away by its accuracy
- Apply on any cart, any time frame.
- 7-Day 100% Money Back Guarantee
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.