This chart shows a technical analysis of Bitcoin (BTC/USD) on the 1-hour timeframe from Bitstamp, shared by Forex_Trading_Team.
Here's a breakdown:
Current Price: $84,869.
Target: $87,000 — marked as “Target 1,” suggesting a short-term bullish outlook.
Stop-Loss (SL): $80,000 — placed to manage downside risk.
Price Path Prediction: A wavy red line suggests expected minor pullbacks and sideways movement before reaching the target.
Support Zone: Around $80K.
Resistance/Target Zone: Near $87K.
This looks like a classic risk/reward setup aiming for a breakout continuation after the previous uptrend, supported by trend lines and a previously formed ascending channel (marked in blue).
Do you want help interpreting this for a trade plan or a breakdown of the risk-reward ratio?
Here's a breakdown:
Current Price: $84,869.
Target: $87,000 — marked as “Target 1,” suggesting a short-term bullish outlook.
Stop-Loss (SL): $80,000 — placed to manage downside risk.
Price Path Prediction: A wavy red line suggests expected minor pullbacks and sideways movement before reaching the target.
Support Zone: Around $80K.
Resistance/Target Zone: Near $87K.
This looks like a classic risk/reward setup aiming for a breakout continuation after the previous uptrend, supported by trend lines and a previously formed ascending channel (marked in blue).
Do you want help interpreting this for a trade plan or a breakdown of the risk-reward ratio?
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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.