Bitcoin Short at $118,000— Bounce or Breakdown? Plan + Invalida
Snapshot (29 Aug 2025, 12:46 IST)
Technical View
– 4H Resistance- 118000
– Supports: $110k/$109.5k first, then $105k; major shelf at $101k.
– EMAs (20/50/200) bear-stacked; price below cloud → overhead pressure.
– Momentum rolled over (RSI mid-40s; MACD sub-zero); local rising wedge broke down.
Trade Plan
– Long above $113,500 → T1 $114,800, T2 $118,000; SL $111,800; timeframe swing.
– Short below $118,000 → T1 $108,300, T2 $105,000 (stretch $101,000 if momentum); SL $124574; timeframe swing.
Big Picture
Trend is down from mid-Aug highs; month-end data risk can force a break from the $111k pivot.
Technical View
– 4H Resistance- 118000
– Supports: $110k/$109.5k first, then $105k; major shelf at $101k.
– EMAs (20/50/200) bear-stacked; price below cloud → overhead pressure.
– Momentum rolled over (RSI mid-40s; MACD sub-zero); local rising wedge broke down.
Trade Plan
– Long above $113,500 → T1 $114,800, T2 $118,000; SL $111,800; timeframe swing.
– Short below $118,000 → T1 $108,300, T2 $105,000 (stretch $101,000 if momentum); SL $124574; timeframe swing.
Big Picture
Trend is down from mid-Aug highs; month-end data risk can force a break from the $111k pivot.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.