Bitcoin is currently displaying a bearish pattern on the 1-hour timeframe, suggesting a continuation of the downward momentum. The projected take profit (TP) for this setup is targeting the 79,500 - 80,000 price zone.
The analysis is based on the lower 1-hour timeframe, which means that if the expected move does not materialize within the next 13 to 19 hours, the trade setup will be considered invalid.
In this case, you could consider opening a short position now and potentially averaging down your entry as the trade progresses. This is a strategy I often employ to maximize profits.
Make sure to follow me closely, as I will keep you updated on the developments and help you generate substantial green profits together.
The analysis is based on the lower 1-hour timeframe, which means that if the expected move does not materialize within the next 13 to 19 hours, the trade setup will be considered invalid.
In this case, you could consider opening a short position now and potentially averaging down your entry as the trade progresses. This is a strategy I often employ to maximize profits.
Make sure to follow me closely, as I will keep you updated on the developments and help you generate substantial green profits together.
Trade active
Note
SL in BE Trade closed: target reached
Close here 81,600 ☑️Note
TP reached 🎯
Without overanalyzing, cluttering charts, or drawing nonsense — I’m the best at delivering clean trades.
Follow me here and on X @Reydragon21
Follow me here and on X @Reydragon21
Related publications
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.
Without overanalyzing, cluttering charts, or drawing nonsense — I’m the best at delivering clean trades.
Follow me here and on X @Reydragon21
Follow me here and on X @Reydragon21
Related publications
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.