BTCUSD trade setup based on the chart pattern details
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🟠 Trade Idea: BTCUSD Sell
Sell Entry: 105,500
Resistance Level: 101,000
Target 1: 99,000
Target 2: 93,000
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🔍 Interpretation
Pattern Implied: Although you didn't name the exact chart pattern, this setup suggests a bearish reversal — potentially from a double top, head and shoulders, or bearish rising wedge.
Sell Entry at 105,500 implies BTC has recently bounced or failed at a resistance zone.
Resistance at 101,000 being below the sell entry might be a typo — or possibly meant to show a recent break above a now-invalidated level.
Targets at 99,000 and 93,000 suggest a step-down approach — taking partial profits or expecting continued selling pressure.
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📊 Risk/Reward Overview
Entry Stop Loss (assumed) Target 1 Target 2 R:R (to 99K) R:R (to 93K)
105,500 ~107,000 (1.5K risk) 99,000 93,000 ~4.3:1 ~8.3:1
> Note: These R:R figures are rough estimates assuming a 1.5K stop loss above entry.
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🔔 Key Considerations
Confirm Chart Pattern: Ensure there’s a confirmed bearish pattern with volume confirmation.
Check Momentum Indicators (e.g., RSI, MACD) for bearish divergence or trend exhaustion.
Support Levels: Watch for buying reaction near 99,000 and stronger support near 93,000.
---
Would you like me to:
1. Analyze the actual BTCUSD chart and validate this pattern?
2. Draw the setup visually?
3. Suggest a better stop-loss level or trailing strategy?
Let me know!
---
🟠 Trade Idea: BTCUSD Sell
Sell Entry: 105,500
Resistance Level: 101,000
Target 1: 99,000
Target 2: 93,000
---
🔍 Interpretation
Pattern Implied: Although you didn't name the exact chart pattern, this setup suggests a bearish reversal — potentially from a double top, head and shoulders, or bearish rising wedge.
Sell Entry at 105,500 implies BTC has recently bounced or failed at a resistance zone.
Resistance at 101,000 being below the sell entry might be a typo — or possibly meant to show a recent break above a now-invalidated level.
Targets at 99,000 and 93,000 suggest a step-down approach — taking partial profits or expecting continued selling pressure.
---
📊 Risk/Reward Overview
Entry Stop Loss (assumed) Target 1 Target 2 R:R (to 99K) R:R (to 93K)
105,500 ~107,000 (1.5K risk) 99,000 93,000 ~4.3:1 ~8.3:1
> Note: These R:R figures are rough estimates assuming a 1.5K stop loss above entry.
---
🔔 Key Considerations
Confirm Chart Pattern: Ensure there’s a confirmed bearish pattern with volume confirmation.
Check Momentum Indicators (e.g., RSI, MACD) for bearish divergence or trend exhaustion.
Support Levels: Watch for buying reaction near 99,000 and stronger support near 93,000.
---
Would you like me to:
1. Analyze the actual BTCUSD chart and validate this pattern?
2. Draw the setup visually?
3. Suggest a better stop-loss level or trailing strategy?
Let me know!
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t.me/Gold_Analysis_Experiment
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
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/Gold_Analysis_Experiment
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
Forex, gold and crypto signal's with detailed analysis & get consistent results..
t.me/Jhonscalpertrade11
Gold signal's with proper TP & SL for high profits opportunities..
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.