TECHNICAL ANALYSIS of the $BTC /$USD chart on a 4H timeframe.
1. Market Structure:
- We see a clear downtrend from the high of 106,447
- Two liquidity traps have formed (marked with red triangles) suggesting institutional manipulation
- The current price (98,219) is in an important decision zone
2. Volume Analysis:
- Volume shows significant accumulation in the 91,500-92,000 zone
- The marked 'D' bar shows high volume with reversal, typical trend change signal
3. Key Levels:
- Important Resistance: 106,447 (High)
- Critical Support: 91,530 (Low)
- Profit Taking Established:
T1: 98,349
T2: 100,443
T3: 102,549
T4: 109,356
- Stop Loss Losses:
Place Stop Loss at a value below:
Critical Support: 91,530 (Low), see Image
attached.
TRADING PLAN:
Entry: 94,686 (already marked on the chart)
Stop Loss: 90,035 (marked as T Stop)
Take Profit staggered according to the marked targets
RISK MANAGEMENT:
- Do not risk more than 2% per trade
- Use protected stops
- Move stop to break even after reaching T1
Trading PSYCHOLOGY:
1. The market shows signs of manipulation - stay calm and follow the plan
2. Liquidity traps are opportunities, not threats
3. Do not chase the price if you miss the entry level.
I used Crypto Info Bot 2.0 to get this information. see Image attached.
