Decoding BTC's Next Move: The $25.7K-$22.5K Zone Beckons.
Hello TradingView Community!
Today, I want to share an intriguing analysis that's captured my attention. The 4-hour chart has signaled a bearish swing break of structure, which is an important development. The bearish swing break of structure occurs when the price breaks below a previously established support level, suggesting that sellers are gaining control. But this isn't the whole story - we expect a pullback on the same timeframe.
What do we mean by a pullback? It's a short-term movement against the established trend, a temporary retreat before the trend resumes. In our case, we're expecting a temporary upward movement in a predominantly downward trend, as the market corrects itself.
But how will we confirm if the 4-hour swing pullback is in place? Here's where we zoom into the finer details, or as I like to call them, the "striped lines" of our analysis. The 4-hour internal - a more granular look into the market dynamics - will show a bullish trend. In simple terms, we will witness a mini uptrend within the larger downtrend - our expected pullback.
Once the internal realigns itself with the overall bearish swing, we can confidently say that the 4-hour swing pullback is now complete. This realignment is crucial as it indicates that our initial bearish sentiment was correct and the temporary bullish pullback has ended.
Now comes the exciting part - our targets. The first one is the weak 4-hour swing low residing at $25751.0. Why do we call it weak? This level has been tested before and may not offer as strong a support as it once did. If we manage to reach this target, we could net around 9R - a handsome reward indeed.
But we don't stop there. Further targets are at $25200.0 and $22610, lower levels that the market could reach if our bearish scenario unfolds as predicted.
Remember, the market is a complex and dynamic environment, and there's no such thing as a 100% sure-fire prediction. Yet, by analyzing and understanding market structures and trends, we can make educated decisions. As always, trade safely and ensure you manage your risk wisely.
I'm looking forward to your thoughts, comments, and questions. Let's engage, let's discuss, and let's grow as a community!
Today, I want to share an intriguing analysis that's captured my attention. The 4-hour chart has signaled a bearish swing break of structure, which is an important development. The bearish swing break of structure occurs when the price breaks below a previously established support level, suggesting that sellers are gaining control. But this isn't the whole story - we expect a pullback on the same timeframe.
What do we mean by a pullback? It's a short-term movement against the established trend, a temporary retreat before the trend resumes. In our case, we're expecting a temporary upward movement in a predominantly downward trend, as the market corrects itself.
But how will we confirm if the 4-hour swing pullback is in place? Here's where we zoom into the finer details, or as I like to call them, the "striped lines" of our analysis. The 4-hour internal - a more granular look into the market dynamics - will show a bullish trend. In simple terms, we will witness a mini uptrend within the larger downtrend - our expected pullback.
Once the internal realigns itself with the overall bearish swing, we can confidently say that the 4-hour swing pullback is now complete. This realignment is crucial as it indicates that our initial bearish sentiment was correct and the temporary bullish pullback has ended.
Now comes the exciting part - our targets. The first one is the weak 4-hour swing low residing at $25751.0. Why do we call it weak? This level has been tested before and may not offer as strong a support as it once did. If we manage to reach this target, we could net around 9R - a handsome reward indeed.
But we don't stop there. Further targets are at $25200.0 and $22610, lower levels that the market could reach if our bearish scenario unfolds as predicted.
Remember, the market is a complex and dynamic environment, and there's no such thing as a 100% sure-fire prediction. Yet, by analyzing and understanding market structures and trends, we can make educated decisions. As always, trade safely and ensure you manage your risk wisely.
I'm looking forward to your thoughts, comments, and questions. Let's engage, let's discuss, and let's grow as a community!
Trade active:
Trade is now active.
Depending if you used a mark price or last price stoploss, you might still be in. Else you got wicked out if you used last price stoploss.
Goodluck!
Depending if you used a mark price or last price stoploss, you might still be in. Else you got wicked out if you used last price stoploss.
Goodluck!
Comment:
If you missed the entry, this is a potential new entry:
Entry price: 27184.3
Stoploss: 27280.0
Target: 26527.5
Entry price: 27184.3
Stoploss: 27280.0
Target: 26527.5
Comment:
TP1 almost hit, the previous comment is now invalidated. Do not put your entry there.
Comment:
New entry following Market structure:
Trade active:
Entry hit.
If we follow market structure, price should go down from here, but keep in mind, we are shorting from a 4h demand zone, so there is a possibility that we will go up first before going down:
If we follow market structure, price should go down from here, but keep in mind, we are shorting from a 4h demand zone, so there is a possibility that we will go up first before going down:
Trade closed: stop reached:
Stop reached for the last trade idea^
4H:
Our 4h Supply zone has no Leg Inducement, thus we need to see liquidity (other traders stoploss) to get taken.
On the m15 picture, I explain this is more detail