BitcoinLong
BTCUSD TECHNICAL ANALYSIS NEXT MOVE POSSIBLE
This chart represents a bullish breakout setup for Bitcoin (BTC/USD) on the 1-hour timeframe.
Key Observations:
1. Downtrend Breakout Attempt:
The black trendline indicates a previous downtrend.
Price is attempting to break above this trendline, signaling a potential trend reversal or short-term bullish move.
2. Entry & Target:
The green zone suggests a long (buy) position with an entry around 88,980.
The target is around 94,311, indicating an expected move toward previous resistance.
3. Stop-Loss Placement:
The red zone (86,841) is the stop-loss level, meaning the trade would be invalidated if BTC falls below this point.
Possible Trade Idea:
Buy if BTC confirms a breakout above the trendline.
Stop-loss below 86,841 to manage risk.
Target 94,311 for potential upside profit.
Are you already in this trade, or waiting for confirmation?
Key Observations:
1. Downtrend Breakout Attempt:
The black trendline indicates a previous downtrend.
Price is attempting to break above this trendline, signaling a potential trend reversal or short-term bullish move.
2. Entry & Target:
The green zone suggests a long (buy) position with an entry around 88,980.
The target is around 94,311, indicating an expected move toward previous resistance.
3. Stop-Loss Placement:
The red zone (86,841) is the stop-loss level, meaning the trade would be invalidated if BTC falls below this point.
Possible Trade Idea:
Buy if BTC confirms a breakout above the trendline.
Stop-loss below 86,841 to manage risk.
Target 94,311 for potential upside profit.
Are you already in this trade, or waiting for confirmation?
Declinazione di responsabilità
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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.