BTC/USD Bullish Flag Setup - Key Buy Zone Ahead
Summary:
Bitcoin (BTC/USD) is currently forming a bullish flag on the 1-hour chart, suggesting a potential continuation of the recent uptrend. Institutional volume levels indicate strong prices levels in the $56,039 - $54,584 zone, making it a prime area to watch .
Key Levels:
Buy Zone: $56,039 - $54,584 (Institutional Volume Support)
Critical Support: $54,584
Resistance: $61,737 - $61,062 (Flag Upper Boundary)
Trade setup:
Entry: Consider buying within the $56,039 - $54,584 zone.
Stop-Loss: Below $54,584 to minimize risk.
Take Profits: Target $70,000 - 80.000 - 100.000
The buy zone is supported by strong institutional volume levels.
Risk Management:
Tight stop-loss below $53500
Indicator on the chart : institutionnal volume levels
Summary:
Bitcoin (BTC/USD) is currently forming a bullish flag on the 1-hour chart, suggesting a potential continuation of the recent uptrend. Institutional volume levels indicate strong prices levels in the $56,039 - $54,584 zone, making it a prime area to watch .
Key Levels:
Buy Zone: $56,039 - $54,584 (Institutional Volume Support)
Critical Support: $54,584
Resistance: $61,737 - $61,062 (Flag Upper Boundary)
Trade setup:
Entry: Consider buying within the $56,039 - $54,584 zone.
Stop-Loss: Below $54,584 to minimize risk.
Take Profits: Target $70,000 - 80.000 - 100.000
The buy zone is supported by strong institutional volume levels.
Risk Management:
Tight stop-loss below $53500
Indicator on the chart : institutionnal volume levels
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.