Trade Idea: BTC SHORT

Opened 2026-04-16 17:10:38 · Valid until 2026-04-17 17:10:38 · Triggered 2026-04-16 17:16:02 · Closed 2026-04-16 17:28:02

How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.

SHORT CLOSED RR 1.70 Conf 78% Scalp 6-12 hours

Entry

74,045.00000000

Stop

74,250.00000000

Targets

73,800.00000000 / 73,650.00000000 / 73,500.00000000

Live price

75,444.00000000

Live ROI

-1.89% vs entry

Idea ID

#10645

Now Entry Stop TP

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Thesis and checks

Analyzing BTC on multiple timeframes reveals a short opportunity with strong confluence:

5-minute chart: Bearish engulfing candle formed near resistance at 74100, indicating short-term selling pressure.
15-minute chart: RSI divergence with lower highs while price tested resistance, signaling momentum weakening.
1-hour chart: Price rejected from the upper Bollinger Band and formed a lower high, confirming short bias.
Risk-reward ratio above 1.6 with tight stop loss just above recent resistance, targeting quick scalp within hours.

Trade ideas are educational. Manage risk and position size.