BTCUSD 1HOUR CHART TECHNICAL ANALYSIS CHECK CAPTAIN
This chart represents Bitcoin (BTC/USD) on the 1-hour timeframe from Coinbase, published on TradingView. Here’s what it indicates:
1. Elliott Wave Count – The red numbers (1-5) show a five-wave structure, likely following Elliott Wave Theory, which suggests an impulsive move.
2. Order Block (OB) – Marked at the top around $100,000, indicating a potential area of supply or resistance.
3. Market Structure Shift (MSS) – Signals a change in trend direction, possibly marking the beginning of a downtrend.
4. Fair Value Gaps (FVG) – Highlighted zones where price moved rapidly, potentially acting as areas for price retracement or continuation.
5. Liquidity Zones – "Buyside liquidity" (above) and "Sellside liquidity" (below) indicate areas where stop losses or pending orders may be clustered.
It looks like BTC formed a five-wave impulse up, hit resistance (OB), then shifted bearish with a strong correction. Now, price is attempting to recover from a demand zone.
Would you like help analyzing possible trade setups from this?
1. Elliott Wave Count – The red numbers (1-5) show a five-wave structure, likely following Elliott Wave Theory, which suggests an impulsive move.
2. Order Block (OB) – Marked at the top around $100,000, indicating a potential area of supply or resistance.
3. Market Structure Shift (MSS) – Signals a change in trend direction, possibly marking the beginning of a downtrend.
4. Fair Value Gaps (FVG) – Highlighted zones where price moved rapidly, potentially acting as areas for price retracement or continuation.
5. Liquidity Zones – "Buyside liquidity" (above) and "Sellside liquidity" (below) indicate areas where stop losses or pending orders may be clustered.
It looks like BTC formed a five-wave impulse up, hit resistance (OB), then shifted bearish with a strong correction. Now, price is attempting to recover from a demand zone.
Would you like help analyzing possible trade setups from this?
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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.