Hello fellow traders what about BTC will it fall down as I have prepared the setup for it, and share your opinions in comments.
My setup is based upon the above chart read it carefully and share your thoughts..
This 4-hour BTC/USD (Bitcoin/US Dollar) chart outlines a potential price action scenario:
1. Peak Resistance (102,708): The chart highlights a crucial resistance level. If Bitcoin breaks above this level, the bullish trend may resume.
2. Entry Zone (100,746): A yellow zone suggests an area where traders might consider entering sell positions if the price gets rejected at resistance.
3. Bearish Target (98540): The green zone indicates a potential target for the downward move if the price fails to break the resistance and begins a bearish reversal.
The chart emphasizes monitoring the reaction at the peak resistance to determine whether the trend will remain bullish or reversed to bearish.
Kindly like, comment and support me guys.
My setup is based upon the above chart read it carefully and share your thoughts..
This 4-hour BTC/USD (Bitcoin/US Dollar) chart outlines a potential price action scenario:
1. Peak Resistance (102,708): The chart highlights a crucial resistance level. If Bitcoin breaks above this level, the bullish trend may resume.
2. Entry Zone (100,746): A yellow zone suggests an area where traders might consider entering sell positions if the price gets rejected at resistance.
3. Bearish Target (98540): The green zone indicates a potential target for the downward move if the price fails to break the resistance and begins a bearish reversal.
The chart emphasizes monitoring the reaction at the peak resistance to determine whether the trend will remain bullish or reversed to bearish.
Kindly like, comment and support me guys.
Trade closed: target reached
We successfully booked profits and our target reached 
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✅ Free telegram channel👉
t.me/+wiU4aBS6VKEzZWNk
✅ Join our VIP Premium Group for signals and to improve your trading skills.✔️
✅ Message us for VIP Premium Group Signals 👇
t.me/Jacks_998
t.me/+wiU4aBS6VKEzZWNk
✅ Join our VIP Premium Group for signals and to improve your trading skills.✔️
✅ Message us for VIP Premium Group Signals 👇
t.me/Jacks_998
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.