BTC/USD – Double Top Pattern Forming (Bearish Setup Ahead?)
Description for Publication:
Bitcoin on the 4H chart is showing signs of a Double Top formation near the 111,000 level — a classic bearish reversal signal. The neckline has been tested, and price action is hinting at a potential breakdown toward the target zone near 106,000. The stop-loss is set just above the second top at 112,500 to manage risk.
This setup offers a good risk-reward ratio for short traders. Always confirm with your own analysis before entering trades.
👍 If you like this setup or learned something new, please like & support — your feedback keeps me sharing! 🙌
Description for Publication:
Bitcoin on the 4H chart is showing signs of a Double Top formation near the 111,000 level — a classic bearish reversal signal. The neckline has been tested, and price action is hinting at a potential breakdown toward the target zone near 106,000. The stop-loss is set just above the second top at 112,500 to manage risk.
This setup offers a good risk-reward ratio for short traders. Always confirm with your own analysis before entering trades.
👍 If you like this setup or learned something new, please like & support — your feedback keeps me sharing! 🙌
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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.
join my channel for More live updates
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t.me/+vk8eNn-R7A9kZDNk
t.me/+JpxuUQsPicA4NjVk
My Free Channel
t.me/+vk8eNn-R7A9kZDNk
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.