Price Action Alert on #BTC/USDT (4H Timeframe)
#Bitcoin recently broke down from a rising wedge, a classically bearish pattern. Alongside this, we've also identified a bearish RSI divergence, further validating potential downside momentum.
Key Observations:
🔺 Rising wedge breakdown confirmed
📉 Bearish divergence on RSI (4H)
🔁 Price is now retesting the broken wedge from below (a classic bear signal!)
⛔️ Still holding above a key horizontal support — watching for a clean break here for confirmation
📌 Bearish Trade Setup (Waiting for Confirmation):
Entry: Below key support zone (marked on chart)
Target 1: $84,300
Target 2: $75,000
Stop-loss: Above wedge breakout point (100,500)
💼 Always follow proper risk management!
🧠 Why This Matters:
The combination of pattern breakdown, bearish divergence, and a retest zone is a powerful signal — but patience is key. We wait for full confirmation (support break) before executing any short trade.
📣 What do you think — will #BTC break the support or bounce back? Drop your thoughts in the comments! 🗣️
If you found this analysis helpful, like, comment, and follow for more real-time setups! 🚀
#BTC #Bitcoin #CryptoAnalysis #PriceAction #Bearish #ShortSetup #RisingWedge #TechnicalAnalysis #CryptoTrading #TradingView
#Bitcoin recently broke down from a rising wedge, a classically bearish pattern. Alongside this, we've also identified a bearish RSI divergence, further validating potential downside momentum.
Key Observations:
🔺 Rising wedge breakdown confirmed
📉 Bearish divergence on RSI (4H)
🔁 Price is now retesting the broken wedge from below (a classic bear signal!)
⛔️ Still holding above a key horizontal support — watching for a clean break here for confirmation
📌 Bearish Trade Setup (Waiting for Confirmation):
Entry: Below key support zone (marked on chart)
Target 1: $84,300
Target 2: $75,000
Stop-loss: Above wedge breakout point (100,500)
💼 Always follow proper risk management!
🧠 Why This Matters:
The combination of pattern breakdown, bearish divergence, and a retest zone is a powerful signal — but patience is key. We wait for full confirmation (support break) before executing any short trade.
📣 What do you think — will #BTC break the support or bounce back? Drop your thoughts in the comments! 🗣️
If you found this analysis helpful, like, comment, and follow for more real-time setups! 🚀
#BTC #Bitcoin #CryptoAnalysis #PriceAction #Bearish #ShortSetup #RisingWedge #TechnicalAnalysis #CryptoTrading #TradingView
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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.