Bitcoin/U.S. Dollar (BTC/USD) pair on a 1-hour (1H) timeframe.
Chart Details:
Exchange: BITSTAMP
Current Price: Around 81,670
Recovery Movement: The chart shows an upward movement after a previous downtrend.
Key Levels:
Support Zone: 80,774 - 81,625
Resistance Levels: 83,586 and 84,815
Expected Price Action:
The chart indicates a potential bullish structure, where price may test 83,586 before continuing towards 84,815.
The zig-zag arrows suggest a possible higher high and higher low formation, signaling an uptrend.
Trading Idea:
If the price holds above 81,625, there is a higher probability of a bullish continuation.
Potential Buy Entry: Between 81,625 - 81,670
First Target: 83,586
Final Target: 84,815
Invalidation Level (Stop-Loss): Below 80,774
Chart Details:
Exchange: BITSTAMP
Current Price: Around 81,670
Recovery Movement: The chart shows an upward movement after a previous downtrend.
Key Levels:
Support Zone: 80,774 - 81,625
Resistance Levels: 83,586 and 84,815
Expected Price Action:
The chart indicates a potential bullish structure, where price may test 83,586 before continuing towards 84,815.
The zig-zag arrows suggest a possible higher high and higher low formation, signaling an uptrend.
Trading Idea:
If the price holds above 81,625, there is a higher probability of a bullish continuation.
Potential Buy Entry: Between 81,625 - 81,670
First Target: 83,586
Final Target: 84,815
Invalidation Level (Stop-Loss): Below 80,774
Trade active
Active trade 3000+ pips running.
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.