"Bitcoin Bearish Continuation Pattern: Short Entry on Retest"

153
Chart Pattern

The price is moving within a descending channel (highlighted in blue and green), which typically signals continuation of the current downtrend.

A breakout to the downside of the channel seems to be forming (small breakout candle drawn outside the channel).

🔽 Trade Setup: Short Position

This is a short trade setup, meaning the trader expects the price to go down.

🔸 Entry Point

Entry Zone: Between 111,667.72 and 111,717.96 USD

This is above the current price, suggesting a pullback entry (waiting for a slight retracement before shorting).

🔹 Stop Loss

Stop Loss Zone: Between 113,074.59 and 113,077.51 USD

Placed above the channel and the entry point to protect against invalidation.

🟢 Target Point (Take Profit)

Target Zone: Between 105,989.97 and 106,015.09 USD

The expected price move is based on a measured move or projected breakdown from the channel.

🧮 Risk to Reward Ratio

The risk/reward box (red for risk, green for reward) shows a positive risk-reward ratio, likely around 1:2 or better, which is favorable in trading.

✅ Analysis Summary

Trend: Bearish (descending channel, lower highs and lower lows).

Setup: Short position on pullback into resistance zone.

Target: 106,000 area.

Stop: 113,000 area.

Current Price: Around 108,905.09 USD.

📌 Final Thoughts

The setup assumes the breakdown from the channel is valid.

A retest of the breakdown zone (entry point) is anticipated before continuation downward.

Be mindful of potential false breakouts or sudden bullish reversals.

免責事項

これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。