BTC/USD 4-Hour Chart Analysis – Bearish Breakdown Setup
(BTCUSD)
Support Zone: Clearly marked, broken to downside
Resistance Zone: Previous highs creating wedge formation
📉 Trade Setup:
Entry Point: ~$104,200 (after wedge breakdown confirmation)
Target Point: ~$96,000 (major support + projected move from wedge height)
Stop Loss: Above $106,500 (near wedge breakdown retest)
⚖️ Risk to Reward Ratio (RRR):
Risk: 2,300 points
Reward: ~8,000+ points
RRR: Approximately 1:3.5+
📌 Summary:
This BTC/USD 4H chart displays a clear Rising Wedge Breakdown, supported by Ichimoku resistance and a shift below the cloud. Price action confirms a strong bearish bias aiming toward the next support zone near $96,000. A well-calculated setup offering a solid risk-reward ratio, ideal for swing traders.
Let me know if you want a visual highlight or edited version of the chart!
(BTCUSD)
Support Zone: Clearly marked, broken to downside
Resistance Zone: Previous highs creating wedge formation
📉 Trade Setup:
Entry Point: ~$104,200 (after wedge breakdown confirmation)
Target Point: ~$96,000 (major support + projected move from wedge height)
Stop Loss: Above $106,500 (near wedge breakdown retest)
⚖️ Risk to Reward Ratio (RRR):
Risk: 2,300 points
Reward: ~8,000+ points
RRR: Approximately 1:3.5+
📌 Summary:
This BTC/USD 4H chart displays a clear Rising Wedge Breakdown, supported by Ichimoku resistance and a shift below the cloud. Price action confirms a strong bearish bias aiming toward the next support zone near $96,000. A well-calculated setup offering a solid risk-reward ratio, ideal for swing traders.
Let me know if you want a visual highlight or edited version of the chart!
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.