(BTC/USD 4H from Coinbase), here's the breakdown:
Technical Summary:
Current Price: ~$105,665
Breakdown Zone (Support Area): Around $102,000
Breakout Confirmation: Price has broken below a consolidation pattern, with a downward arrow indicating bearish expectation.
---
Targets (as per chart annotations):
1. Immediate Target Zone: Around $102,000 (yellow support box)
2. Secondary Target: ~$97,672 (marked with a bold black arrow)
3. Final Target (extended move): ~$94,000 – $92,000 range
These targets are likely based on:
A descending triangle or head-and-shoulders breakdown
Ichimoku cloud resistance overhead
Trendline rejection and bearish momentum
---
Caution:
This is a technical projection and not financial advice. Markets can reverse rapidly, so manage risk with stop-losses and confirmations.
Do you want help setting up stop-loss and risk levels based on this chart too?
Technical Summary:
Current Price: ~$105,665
Breakdown Zone (Support Area): Around $102,000
Breakout Confirmation: Price has broken below a consolidation pattern, with a downward arrow indicating bearish expectation.
---
Targets (as per chart annotations):
1. Immediate Target Zone: Around $102,000 (yellow support box)
2. Secondary Target: ~$97,672 (marked with a bold black arrow)
3. Final Target (extended move): ~$94,000 – $92,000 range
These targets are likely based on:
A descending triangle or head-and-shoulders breakdown
Ichimoku cloud resistance overhead
Trendline rejection and bearish momentum
---
Caution:
This is a technical projection and not financial advice. Markets can reverse rapidly, so manage risk with stop-losses and confirmations.
Do you want help setting up stop-loss and risk levels based on this chart too?
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📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
Related publications
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.