BTC/USD sell setup on the 1-hour timeframe. Here's a quick breakdown of the analysis:
Sell Entry: Around the current price level (approximately 102,968).
Stop Loss: 105,454 (above recent highs and outside the ascending channel).
Targets:
Target 1: 101,682 (first support zone).
Target 2: 99,442 (key support/previous consolidation area).
Target 3: 97,030 (major support level).
The setup suggests that the price has broken out of the ascending channel and could potentially continue downward. The blue arrows indicate expected price movement toward lower levels.
Sell Entry: Around the current price level (approximately 102,968).
Stop Loss: 105,454 (above recent highs and outside the ascending channel).
Targets:
Target 1: 101,682 (first support zone).
Target 2: 99,442 (key support/previous consolidation area).
Target 3: 97,030 (major support level).
The setup suggests that the price has broken out of the ascending channel and could potentially continue downward. The blue arrows indicate expected price movement toward lower levels.
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
8 YEARS EXPERIENCE IN THIS FIELD
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.
FOREX MARKET ANALYSIS AND IDEAS
8 YEARS EXPERIENCE IN THIS FIELD
8 YEARS EXPERIENCE IN THIS FIELD
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.