Chart Overview:
Asset: BTC/USDT (Bitcoin)
Chart Type: Candlestick
Timeframe: Likely intraday (short-term, possibly 15m or 1h)
Indicators/Tools Used:
Trendlines
Support/Resistance levels
Pattern formation (possible descending triangle)
---
Technical Analysis:
🔻 Bearish Bias (Sell Signal):
Pattern: A descending triangle pattern is visible—typically a bearish continuation pattern.
Lower Highs: Indicates selling pressure increasing over time.
Flat Support Zone: Around $60,500–$60,600. Price is testing this zone repeatedly.
Breakdown Likely: If price breaks and closes below this support, a sharp drop can be expected.
---
📉 Put Direction: Sell BTC
Entry (Sell): On break below $60,500
Target 1: $59,200 (near previous consolidation zone)
Target 2: $58,000 (measured move from triangle)
Stop Loss: $61,000 (above descending trendline)
---
✅ Summary:
BTC is under pressure below resistance and forming lower highs.
If it breaks $60,500 support, a downward continuation is expected.
Strategy: Sell on breakdown, target $58,000 short-term.
Asset: BTC/USDT (Bitcoin)
Chart Type: Candlestick
Timeframe: Likely intraday (short-term, possibly 15m or 1h)
Indicators/Tools Used:
Trendlines
Support/Resistance levels
Pattern formation (possible descending triangle)
---
Technical Analysis:
🔻 Bearish Bias (Sell Signal):
Pattern: A descending triangle pattern is visible—typically a bearish continuation pattern.
Lower Highs: Indicates selling pressure increasing over time.
Flat Support Zone: Around $60,500–$60,600. Price is testing this zone repeatedly.
Breakdown Likely: If price breaks and closes below this support, a sharp drop can be expected.
---
📉 Put Direction: Sell BTC
Entry (Sell): On break below $60,500
Target 1: $59,200 (near previous consolidation zone)
Target 2: $58,000 (measured move from triangle)
Stop Loss: $61,000 (above descending trendline)
---
✅ Summary:
BTC is under pressure below resistance and forming lower highs.
If it breaks $60,500 support, a downward continuation is expected.
Strategy: Sell on breakdown, target $58,000 short-term.
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Disclaimer
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🔗 t.me/+VTrdWh5R_scwMGM0
✅ All PAIRS SIGNALS PROVIDE FIRST VISIT THEN JOIN
🔗 t.me/+jODseb0iIvxiNjc0
✅ REGISTER UNDER THE WORLD BEST BROKER
🔗 one.exnesstrack.org/a/6yzdfvn1po
✅ All PAIRS SIGNALS PROVIDE FIRST VISIT THEN JOIN
🔗 t.me/+jODseb0iIvxiNjc0
✅ REGISTER UNDER THE WORLD BEST BROKER
🔗 one.exnesstrack.org/a/6yzdfvn1po
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.