BTCUSD 1H Chart Analysis Using Pitchfox:
Analyzing the BTCUSD 1-hour chart with the Pitchfork tool (Andrews Pitchfork), we observe that Bitcoin is currently consolidating just above the lower median of the projected pitchfork channel after a recent recovery from the $103,530 low. Price action is fluctuating between the median and lower bands, indicating a period of accumulation within a broader corrective structure.
Key levels for this setup:
- **Target (Take Profit):** $115,000 — aligning with the upper boundary of the channel, this zone coincides with recent resistance and the next projected reaction line as per the Pitch Fox model.[
- **Stop Loss:** $110,000 — just below the recent moving average ribbon and lower channel support to manage downside risk in case of a bearish reversal.
Expectations: A decisive breakout above the median could confirm further upside momentum toward the target, while a breakdown below support warns of a return to the $107,500–$103,500 area. Adjust SL/TGT as volatility develops.
**Risk Warning:** Crypto markets are volatile. Always use stop losses and manage your risk accordingly.
Analyzing the BTCUSD 1-hour chart with the Pitchfork tool (Andrews Pitchfork), we observe that Bitcoin is currently consolidating just above the lower median of the projected pitchfork channel after a recent recovery from the $103,530 low. Price action is fluctuating between the median and lower bands, indicating a period of accumulation within a broader corrective structure.
Key levels for this setup:
- **Target (Take Profit):** $115,000 — aligning with the upper boundary of the channel, this zone coincides with recent resistance and the next projected reaction line as per the Pitch Fox model.[
- **Stop Loss:** $110,000 — just below the recent moving average ribbon and lower channel support to manage downside risk in case of a bearish reversal.
Expectations: A decisive breakout above the median could confirm further upside momentum toward the target, while a breakdown below support warns of a return to the $107,500–$103,500 area. Adjust SL/TGT as volatility develops.
**Risk Warning:** Crypto markets are volatile. Always use stop losses and manage your risk accordingly.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.