📉 🔻
Pair: Bitcoin / U.S. Dollar (BTCUSD – Bitstamp)
Timeframe: 30-Min Chart
Pattern: Rising wedge breakdown + retest failure
💼 Trade Plan – Short Position
🚫 Entry: $93,488 (Breakdown from wedge + retest rejection)
✅ Stop-Loss: $94,408 (Above structure resistance & wedge high)
🎯 Take Profit Targets:
TP1: $92,414 – Nearest support from recent structure
TP2: $91,182 – Strong horizontal support zone
⚖️ Risk-Reward Calculation
Risk per BTC: $920
Reward to TP2: $2,306
R:R Ratio: ~1 : 2.5 — High-probability short setup
🔍 Technical Highlights
Rising wedge pattern breakdown (bearish signal)
Price rejected key resistance near $94K
Retest + failure = confirmation for downside move
Momentum slowing with potential bearish divergence
Pair: Bitcoin / U.S. Dollar (BTCUSD – Bitstamp)
Timeframe: 30-Min Chart
Pattern: Rising wedge breakdown + retest failure
💼 Trade Plan – Short Position
🚫 Entry: $93,488 (Breakdown from wedge + retest rejection)
✅ Stop-Loss: $94,408 (Above structure resistance & wedge high)
🎯 Take Profit Targets:
TP1: $92,414 – Nearest support from recent structure
TP2: $91,182 – Strong horizontal support zone
⚖️ Risk-Reward Calculation
Risk per BTC: $920
Reward to TP2: $2,306
R:R Ratio: ~1 : 2.5 — High-probability short setup
🔍 Technical Highlights
Rising wedge pattern breakdown (bearish signal)
Price rejected key resistance near $94K
Retest + failure = confirmation for downside move
Momentum slowing with potential bearish divergence
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.