Hi there!
On a BTC/USD H1 chart, there are two patterns being formed:
- A Descending Triangle Pattern, and
- A Descending Trend Channel
Both chart patterns indicate a good opportunity to make quick sell trades with close take-profits.
In addition, the price is more than one standard deviation above the MA(25) on H4,
which means that a reversion to the mean should be expected over the short-term.
The Stochastic oscillator is significantly overbought and indicates a short-term SELL signal as well.
If you’re an intra-day trader - do not miss this opportunity..
Enter SHORT at $4,000 and wait for a 3.5%-4.5% correction downward.
This trade idea is supported by two chart patterns as well as by two technical indicators.
In essence, we’re seeing a ‘healthy correction’ type of pattern now.
To be clear, over the medium-term we still project an uptrend for BTC/USD.
Meanwhile, we undoubtedly expect a short-term CORRECTION downward to form over the next 2-3 days.
Use this correction as an opportunity to make quick short trades with close targets.
Here is the detailed Trade Signal:
The short-term trend on BTC/USD M15-H1: Downward
Recommended action: SELL and wait for a 3-4% correction downward
Entry price: $4,000
Target: $3,800 (in 1-3 days)
Forecasted P&L: +$200 or +5.0% (per 1 Lot).
We recommend using a 1:10 leverage to increase your profits to 40%
Stop-Loss: $4,000 ($-50 or 1.3%)
Risk/Reward Ratio: 4.0x
In this analysis, I combined the application of trend analysis with technical indicators and chart patterns, which allows making accurate predictions.
If you like it and want to receive future updates - Follow me on TradingView.
If you have any questions or suggestions, please write them in comments below, and I’ll respond to you promptly!
Enjoy your trading and make profits!
On a BTC/USD H1 chart, there are two patterns being formed:
- A Descending Triangle Pattern, and
- A Descending Trend Channel
Both chart patterns indicate a good opportunity to make quick sell trades with close take-profits.
In addition, the price is more than one standard deviation above the MA(25) on H4,
which means that a reversion to the mean should be expected over the short-term.
The Stochastic oscillator is significantly overbought and indicates a short-term SELL signal as well.
If you’re an intra-day trader - do not miss this opportunity..
Enter SHORT at $4,000 and wait for a 3.5%-4.5% correction downward.
This trade idea is supported by two chart patterns as well as by two technical indicators.
In essence, we’re seeing a ‘healthy correction’ type of pattern now.
To be clear, over the medium-term we still project an uptrend for BTC/USD.
Meanwhile, we undoubtedly expect a short-term CORRECTION downward to form over the next 2-3 days.
Use this correction as an opportunity to make quick short trades with close targets.
Here is the detailed Trade Signal:
The short-term trend on BTC/USD M15-H1: Downward
Recommended action: SELL and wait for a 3-4% correction downward
Entry price: $4,000
Target: $3,800 (in 1-3 days)
Forecasted P&L: +$200 or +5.0% (per 1 Lot).
We recommend using a 1:10 leverage to increase your profits to 40%
Stop-Loss: $4,000 ($-50 or 1.3%)
Risk/Reward Ratio: 4.0x
In this analysis, I combined the application of trend analysis with technical indicators and chart patterns, which allows making accurate predictions.
If you like it and want to receive future updates - Follow me on TradingView.
If you have any questions or suggestions, please write them in comments below, and I’ll respond to you promptly!
Enjoy your trading and make profits!
交易结束：到达目标:
There were a couple of profitable short traders. The idea is realized!
Check out my recent ideas - there are lots of potentially profitable trades!
Check out my recent ideas - there are lots of potentially profitable trades!
