This BTC/USD 1-hour chart shows a rounded bottom reversal pattern, followed by a breakout signal. Here's a breakdown of the technical setup:
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🟢 Chart Pattern Overview
Pattern Type: Rounded Bottom (accumulation phase)
Key Support Zone: Around $102,900 (highlighted by yellow horizontal line)
Breakout Confirmation: Price broke above descending resistance (black trendline), forming a new trend support (orange line).
Fibonacci Arcs: Used to map out support/resistance during the reversal — important retracement levels are marked (0.786, 0.618, 0.5, 0.236).
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📈 Trade Setup
Entry Zone: Around $102,900–$103,000 (current level)
Stop Loss: Below $101,550 (red zone)
Take Profit: Around $106,060 (blue box target)
Risk/Reward Ratio: Favorable (approx. 2:1 or higher)
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🔍 Key Signals
✅ Breakout from downward sloping resistance line
✅ Formation of higher lows
✅ Potential for trend continuation with new support established
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📊 Strategy Suggestion
If you're considering a trade:
Long Entry: On confirmation of the breakout with volume
SL: Tight stop just below the new support ($101,550)
TP: Near resistance around $106,000 (next supply zone)
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🟢 Chart Pattern Overview
Pattern Type: Rounded Bottom (accumulation phase)
Key Support Zone: Around $102,900 (highlighted by yellow horizontal line)
Breakout Confirmation: Price broke above descending resistance (black trendline), forming a new trend support (orange line).
Fibonacci Arcs: Used to map out support/resistance during the reversal — important retracement levels are marked (0.786, 0.618, 0.5, 0.236).
---
📈 Trade Setup
Entry Zone: Around $102,900–$103,000 (current level)
Stop Loss: Below $101,550 (red zone)
Take Profit: Around $106,060 (blue box target)
Risk/Reward Ratio: Favorable (approx. 2:1 or higher)
---
🔍 Key Signals
✅ Breakout from downward sloping resistance line
✅ Formation of higher lows
✅ Potential for trend continuation with new support established
---
📊 Strategy Suggestion
If you're considering a trade:
Long Entry: On confirmation of the breakout with volume
SL: Tight stop just below the new support ($101,550)
TP: Near resistance around $106,000 (next supply zone)
Trade attivo
ACTVE TRADE
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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.