BTC/USD..chart pattern..

4 Jun

BTCUSD trade setup based on the chart pattern details


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🟠 Trade Idea: BTCUSD Sell

Sell Entry: 105,500
Resistance Level: 101,000
Target 1: 99,000
Target 2: 93,000


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🔍 Interpretation

Pattern Implied: Although you didn't name the exact chart pattern, this setup suggests a bearish reversal — potentially from a double top, head and shoulders, or bearish rising wedge.

Sell Entry at 105,500 implies BTC has recently bounced or failed at a resistance zone.

Resistance at 101,000 being below the sell entry might be a typo — or possibly meant to show a recent break above a now-invalidated level.

Targets at 99,000 and 93,000 suggest a step-down approach — taking partial profits or expecting continued selling pressure.



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📊 Risk/Reward Overview

Entry Stop Loss (assumed) Target 1 Target 2 R:R (to 99K) R:R (to 93K)

105,500 ~107,000 (1.5K risk) 99,000 93,000 ~4.3:1 ~8.3:1


> Note: These R:R figures are rough estimates assuming a 1.5K stop loss above entry.




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🔔 Key Considerations

Confirm Chart Pattern: Ensure there’s a confirmed bearish pattern with volume confirmation.

Check Momentum Indicators (e.g., RSI, MACD) for bearish divergence or trend exhaustion.

Support Levels: Watch for buying reaction near 99,000 and stronger support near 93,000.



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Would you like me to:

1. Analyze the actual BTCUSD chart and validate this pattern?


2. Draw the setup visually?


3. Suggest a better stop-loss level or trailing strategy?



Let me know!

4 Jun

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