This is a Bitcoin (BTC/USD) price chart from TradingView, showing technical analysis for a potential price movement. Key features of the chart:
Downtrend: The price has been in a declining trend, marked by a black downward-sloping line.
Descending Channel: A green rectangle highlights a bearish price channel within the downtrend.
Support Zones: Three purple zones indicate potential support/resistance areas.
Reversal Expectation: A blue zig-zag line suggests a projected price recovery, targeting the middle resistance zone (~86,000).
Target: The target is marked with an arrow, indicating a potential upward move after hitting the lower support zone.
This analysis suggests that the trader expects a price bounce after a downtrend, with a possible reversal towards higher resistance levels.
Downtrend: The price has been in a declining trend, marked by a black downward-sloping line.
Descending Channel: A green rectangle highlights a bearish price channel within the downtrend.
Support Zones: Three purple zones indicate potential support/resistance areas.
Reversal Expectation: A blue zig-zag line suggests a projected price recovery, targeting the middle resistance zone (~86,000).
Target: The target is marked with an arrow, indicating a potential upward move after hitting the lower support zone.
This analysis suggests that the trader expects a price bounce after a downtrend, with a possible reversal towards higher resistance levels.
XAUUSD GOLD + BTCUSD Daily 6-7 Free Signals📊🚀
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
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.
XAUUSD GOLD + BTCUSD Daily 6-7 Free Signals📊🚀
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
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.