Trade Idea: BTC SHORT
Opened 2026-04-09 13:55:39 · Valid until 2026-04-10 13:55:39 · Triggered 2026-04-09 13:58:02 · Closed 2026-04-09 14:50:04
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 75%
Scalp
6-12 hours
Entry
70,760.00000000
Stop
71,050.00000000
Targets
70,300.00000000 / 70,000.00000000 / 69,750.00000000
Live price
78,023.00000000
Live ROI
-10.26%
vs entry
Idea ID
#10328
Now
Entry
Stop
TP
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Thesis and checks
Bitcoin shows a short-term bearish setup with confluence across multiple timeframes:
- 5m chart: Bearish engulfing candle near resistance at $70800, indicating immediate selling pressure.
- 15m chart: RSI divergence with lower highs while price attempts to rally, signaling weakening momentum.
- 1h chart: Price rejected from the 20 EMA and forming lower highs, confirming short bias.
- Stop placed just above recent resistance at $71050 to limit risk.
- Targets set near recent support levels at $70300, $70000, and $69750 for a favorable risk-reward ratio above 1.6.
Trade ideas are educational. Manage risk and position size.