BTC/USD – Bearish Breakdown from Rising Wedge | Short Setup
Description:
Bitcoin has broken down from a well-formed rising wedge pattern on the 30-minute chart – a classic bearish signal. The price action confirmed the breakdown with a strong candle close below the support line.
Our short entry is initiated at the wedge breakdown (~118,500), with a stop loss just above the wedge resistance (~119,600) and a target zone near 116,000, aligning with previous support and measured move from the wedge.
Description:
Bitcoin has broken down from a well-formed rising wedge pattern on the 30-minute chart – a classic bearish signal. The price action confirmed the breakdown with a strong candle close below the support line.
Our short entry is initiated at the wedge breakdown (~118,500), with a stop loss just above the wedge resistance (~119,600) and a target zone near 116,000, aligning with previous support and measured move from the wedge.
Trade active
Trade closed: target reached
Congratulations Guys btcusd Sell Reached at $115,000 All Target Don
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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.