📊 Bitcoin (BTC/USD) 30-Min Chart Analysis
🔷 Chart Summary:
This chart presents a bearish setup for BTC/USD, indicating a potential short trade opportunity based on technical patterns and key levels.
🔧 Technical Breakdown:
Channel Formation:
Price is moving within a descending channel (marked by resistance and support trendlines).
This suggests bearish market structure in the short term.
Rejection Zone:
The blue shaded area highlights a resistance/rejection zone around 107,866.7 - 108,303.4.
Price is expected to face selling pressure if it re-enters this zone.
Entry Point (Short Position):
Recommended around 107,859.4 - 107,866.7, after potential rejection from the resistance zone.
Stop Loss:
Placed above the rejection zone at 108,311.8, protecting against false breakouts.
Target Point:
First major target identified at 106,000.0, within the lower range of the channel.
EMA 70 (Red Line):
Currently around 107,108.9, acting as dynamic resistance — price is hovering below it, reinforcing the bearish sentiment.
📉 Trading Outlook:
✅ Expect price to reject from resistance zone, triggering a downward move.
✅ Bearish bias remains valid as long as price stays below the Stop Loss level.
⚠️ A break and close above 108,311.8 would invalidate the bearish setup.
💡 Conclusion:
Bearish Structure: ✔️
Valid Short Setup: ✔️
Risk-Reward Ratio: Decent
EMA supports Bearish Bias: ✔️
📌 Final Trading Plan:
Action Price Level
Entry (Sell) 107,859.4 - 107,866.7
Stop Loss 108,311.8
Target 1 106,184.2
Target 2 106,000.0
🔷 Chart Summary:
This chart presents a bearish setup for BTC/USD, indicating a potential short trade opportunity based on technical patterns and key levels.
🔧 Technical Breakdown:
Channel Formation:
Price is moving within a descending channel (marked by resistance and support trendlines).
This suggests bearish market structure in the short term.
Rejection Zone:
The blue shaded area highlights a resistance/rejection zone around 107,866.7 - 108,303.4.
Price is expected to face selling pressure if it re-enters this zone.
Entry Point (Short Position):
Recommended around 107,859.4 - 107,866.7, after potential rejection from the resistance zone.
Stop Loss:
Placed above the rejection zone at 108,311.8, protecting against false breakouts.
Target Point:
First major target identified at 106,000.0, within the lower range of the channel.
EMA 70 (Red Line):
Currently around 107,108.9, acting as dynamic resistance — price is hovering below it, reinforcing the bearish sentiment.
📉 Trading Outlook:
✅ Expect price to reject from resistance zone, triggering a downward move.
✅ Bearish bias remains valid as long as price stays below the Stop Loss level.
⚠️ A break and close above 108,311.8 would invalidate the bearish setup.
💡 Conclusion:
Bearish Structure: ✔️
Valid Short Setup: ✔️
Risk-Reward Ratio: Decent
EMA supports Bearish Bias: ✔️
📌 Final Trading Plan:
Action Price Level
Entry (Sell) 107,859.4 - 107,866.7
Stop Loss 108,311.8
Target 1 106,184.2
Target 2 106,000.0
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t.me/JaMesGoldFiGhteR786
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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.