Based on my technical analysis provided, here's a structured breakdown of the BTCUSD scenario and potential trading strategy:
---
### *Key Observations*
1. *Support Level*:
- Price is holding *82,000*, a critical support zone. A break below this could invalidate the bullish outlook.
2. *Bullish Divergence*:
- *RSI divergence* on H4 and H1 timeframes signals weakening bearish momentum and potential reversal.
3. *Resistance Level*:
- Immediate resistance at *82,550*. A confirmed breakout above this level could trigger upward momentum.
---
### *Scenario Analysis*
- *Bullish Case*:
- *Entry: Break and close above **82,550* (preferably with rising volume for confirmation).
- *Targets*:
- *TP1: 85,260* (3.3% gain from breakout).
- *TP2: 88,005* (6.6% gain from breakout).
- *Stop-Loss: Below **82,000* (e.g., *81,500* to account for volatility).
- *Bearish Risk*:
- Failure to hold *82,000* could lead to further downside. Monitor price action for breakdown signals.
---
### *Strategy Execution*
1. *Confirmation: Wait for a **strong close above 82,550* (H4 candle) to avoid false breakouts.
2. *Risk Management*:
- Position size adjusted to risk tolerance (e.g., 1-2% of capital).
- Stop-loss placed below support.
3. *Profit-Taking*:
- Partial profits at *TP1, trail stop for remaining position toward **TP2*.
---
### *Additional Considerations*
- *Volume*: High volume on breakout strengthens validity.
- *Market Context*: Monitor broader market trends (e.g., ETF flows, macro news) that may impact Bitcoin.
- *Technical Levels*: Watch for intermediate resistances between 82,550 and 85,260 (e.g., 84,000 psychological level).
---
*Conclusion*: The setup presents a favorable risk-reward ratio if the resistance breaks. Always validate with price action and adjust stops as the trade progresses.
---
### *Key Observations*
1. *Support Level*:
- Price is holding *82,000*, a critical support zone. A break below this could invalidate the bullish outlook.
2. *Bullish Divergence*:
- *RSI divergence* on H4 and H1 timeframes signals weakening bearish momentum and potential reversal.
3. *Resistance Level*:
- Immediate resistance at *82,550*. A confirmed breakout above this level could trigger upward momentum.
---
### *Scenario Analysis*
- *Bullish Case*:
- *Entry: Break and close above **82,550* (preferably with rising volume for confirmation).
- *Targets*:
- *TP1: 85,260* (3.3% gain from breakout).
- *TP2: 88,005* (6.6% gain from breakout).
- *Stop-Loss: Below **82,000* (e.g., *81,500* to account for volatility).
- *Bearish Risk*:
- Failure to hold *82,000* could lead to further downside. Monitor price action for breakdown signals.
---
### *Strategy Execution*
1. *Confirmation: Wait for a **strong close above 82,550* (H4 candle) to avoid false breakouts.
2. *Risk Management*:
- Position size adjusted to risk tolerance (e.g., 1-2% of capital).
- Stop-loss placed below support.
3. *Profit-Taking*:
- Partial profits at *TP1, trail stop for remaining position toward **TP2*.
---
### *Additional Considerations*
- *Volume*: High volume on breakout strengthens validity.
- *Market Context*: Monitor broader market trends (e.g., ETF flows, macro news) that may impact Bitcoin.
- *Technical Levels*: Watch for intermediate resistances between 82,550 and 85,260 (e.g., 84,000 psychological level).
---
*Conclusion*: The setup presents a favorable risk-reward ratio if the resistance breaks. Always validate with price action and adjust stops as the trade progresses.
Trade active
BITCOIN buy trade active from 82.000Note
keep hold in buy positionNote
first target done 84.200 profit runing 220 pips keep hold in buy positionNote
85.500 profit runing 350 pips keep hold in buy positionNote
keep hold in buy Trade closed: target reached
target done 88.000 profit runing 620 pipsNote
target done 88k
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
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Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Trade_With_Gold_King005
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.
📲 Join telegram channel free ..
t.me/Trade_With_Gold_King005
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/Trade_With_Gold_King005
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.