Technical analysis by ProfittoPath about Symbol BTC: Sell recommendation (4/24/2025)
https://sahmeto.com/message/3445895

ProfittoPath
Rank: 214
Analytical Power:
3.0
BTCUSD – Short Trade Setup!
Sell
Price at Publish Time:
$93,469.94

📉 🔻Pair: Bitcoin / U.S. Dollar (BTCUSD – Bitstamp)Timeframe: 30-Min ChartPattern: Rising wedge breakdown + retest failure💼 Trade Plan – Short Position🚫 Entry: $93,488 (Breakdown from wedge + retest rejection)✅ Stop-Loss: $94,408 (Above structure resistance & wedge high)🎯 Take Profit Targets:TP1: $92,414 – Nearest support from recent structureTP2: $91,182 – Strong horizontal support zone⚖️ Risk-Reward CalculationRisk per BTC: $920Reward to TP2: $2,306R:R Ratio: ~1 : 2.5 — High-probability short setup🔍 Technical HighlightsRising wedge pattern breakdown (bearish signal)Price rejected key resistance near $94KRetest + failure = confirmation for downside moveMomentum slowing with potential bearish divergence
Source Message: TradingView