Greetings, fellow traders! In this analysis, we will explore a potential trade setup, delve into the pattern observed, and conduct a probability analysis. Stay tuned for valuable insights that can assist you in making informed trading decisions.
Trade Setup: Entry: Near Order Block Zone at $27,185 Target: $28,000 Stop Loss: $27,070
Pattern Analysis: BTC is currently exhibiting an M pattern, indicating a probable downward movement. The anticipated price decline may lead to a pullback towards $27,185. This level holds significance as it aligns with an Order Block, where weaker buyers might exit their positions. The presence of this pattern suggests a possible trend reversal.
Probability Analysis: Based on the M pattern formation and the Order Block zone, the probability of a price drag towards $27,185 is heightened. However, it is important to consider additional technical indicators, market sentiment, and fundamental factors to assess the likelihood of a successful trade outcome.
good work. keep it up. your analysis give me a clue on what the market is about to do. remember no one is 100% perfect when it comes to TA. even trading bots do hit stop loss at times. kudos!!!
DeGRAM
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Thank you for sharing
ronbahh
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feel bad for those people who enter and put stop loss according to this lol
sattarmalik20028
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@ronbahh, yes this is what i was thinking. already hit SL and this guy is saying trade active. The person who took the trade might be dead :-)
WalterMoon
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Good BTCUSDT idea, agree!
TradingShot
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Very valuable analysis, thank you for your contribution.