Based on MY BTC/USDT 4H chart the following analysis and price targets apply:
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📉 Chart Pattern:
A symmetrical triangle pattern is visible, with price nearing a potential breakdown.
You’ve marked a breakdown scenario, supported by the Ichimoku cloud turning bearish and resistance rejection.
The market has respected both support and resistance trendlines multiple times, increasing pattern validity.
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🎯 Bearish Targets After Breakdown:
1st Support Target:
Level: Around $98,000
This is the first zone where buyers might step in. It aligns with previous consolidation and structural support.
2nd Support Target:
Level: Around $94,000
This is a deeper support level and likely final target if selling pressure continues.
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🔍 Summary:
Sell below: ~$104,000 (on breakdown confirmation)
Target 1: ~$98,000
Target 2: ~$94,000
Stop-loss suggestion: Above upper triangle trendline (~$106,500 or above recent high)
Let me know if you want a trading strategy with risk/reward ratio or SL/TP management tips.
---
📉 Chart Pattern:
A symmetrical triangle pattern is visible, with price nearing a potential breakdown.
You’ve marked a breakdown scenario, supported by the Ichimoku cloud turning bearish and resistance rejection.
The market has respected both support and resistance trendlines multiple times, increasing pattern validity.
---
🎯 Bearish Targets After Breakdown:
1st Support Target:
Level: Around $98,000
This is the first zone where buyers might step in. It aligns with previous consolidation and structural support.
2nd Support Target:
Level: Around $94,000
This is a deeper support level and likely final target if selling pressure continues.
---
🔍 Summary:
Sell below: ~$104,000 (on breakdown confirmation)
Target 1: ~$98,000
Target 2: ~$94,000
Stop-loss suggestion: Above upper triangle trendline (~$106,500 or above recent high)
Let me know if you want a trading strategy with risk/reward ratio or SL/TP management tips.
Trade active
activeNote
first target done
t.me/+yJ2-qfkocRg1NDlk
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/+yJ2-qfkocRg1NDlk
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.