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📈 #BitcoinAnalysisUpdate: Trading Descending Channel Within Ascending Channel 📉
Hey crypto enthusiasts! Here's an update on the current #Bitcoin (BTC) patterns.
Bitcoin shows a unique combination: descending channel within ascending channel. Using SMC concept, we predict potential decline to $21.5k, followed by bullish order block targeting $31k with stop loss at $21k. Risk-reward ratio is 1:13.
Trade Setup:
Short BTC until it reaches $21.5k.Once it touches this level, enter the buy side.Set profit target at $31k.Place a stop loss at $21k to manage risk effectively.
Share your thoughts! Let's dive into this exciting Bitcoin analysis together! 🚀💰
#Bitcoin #CryptoTrading #TechnicalAnalysis #ProfitOpportunity 📊
Hey crypto enthusiasts! Here's an update on the current #Bitcoin (BTC) patterns.
Bitcoin shows a unique combination: descending channel within ascending channel. Using SMC concept, we predict potential decline to $21.5k, followed by bullish order block targeting $31k with stop loss at $21k. Risk-reward ratio is 1:13.
Trade Setup:
Short BTC until it reaches $21.5k.Once it touches this level, enter the buy side.Set profit target at $31k.Place a stop loss at $21k to manage risk effectively.
Share your thoughts! Let's dive into this exciting Bitcoin analysis together! 🚀💰
#Bitcoin #CryptoTrading #TechnicalAnalysis #ProfitOpportunity 📊
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