BitcoinShort
BTC'S Downturn Has Been Started
BTCUSD Technical Insight (H4)
Market Analysis:
A pivotal Bearish Order Block (CHOCH) has formed after several BOSES, decisively reversing the trend's trajectory. The Point of Interest (POI) serves as a robust resistance level, sparking instant reversals confirmed by Morning Star candle patterns. A substantial Fair Value Gap has also been identified at the CHOCH.
Trade Setup:
Set Stop Loss (SL) above the Order Block
Take Profit (TP) positioned upto the previous Lower Low
Sell Entry Zone: 68200_68250
Take Profit1: 67000
Take Profit2: 66000
Take Profit3: 65000
Stop Loss: 69200
Market Analysis:
A pivotal Bearish Order Block (CHOCH) has formed after several BOSES, decisively reversing the trend's trajectory. The Point of Interest (POI) serves as a robust resistance level, sparking instant reversals confirmed by Morning Star candle patterns. A substantial Fair Value Gap has also been identified at the CHOCH.
Trade Setup:
Set Stop Loss (SL) above the Order Block
Take Profit (TP) positioned upto the previous Lower Low
Sell Entry Zone: 68200_68250
Take Profit1: 67000
Take Profit2: 66000
Take Profit3: 65000
Stop Loss: 69200
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