This chart is showing a potential long (buy) trade setup for Bitcoin (BTC/USD) on the 1-hour timeframe. Here’s a breakdown of what’s going on:
Entry Level: Around $83,100–$83,300, where price seems to be bouncing off a support zone.
Take Profit: Targeted near $84,900–$85,000, a previous resistance level.
Stop Loss: Placed above $86,000, just beyond the previous swing high to protect against downside risk.
Pattern: Looks like a double bottom or bounce off a horizontal support, with bullish potential if confirmed.
This setup seems to be aiming for a risk-reward ratio that’s favorable (small stop loss vs. larger potential gain). Do you
Entry Level: Around $83,100–$83,300, where price seems to be bouncing off a support zone.
Take Profit: Targeted near $84,900–$85,000, a previous resistance level.
Stop Loss: Placed above $86,000, just beyond the previous swing high to protect against downside risk.
Pattern: Looks like a double bottom or bounce off a horizontal support, with bullish potential if confirmed.
This setup seems to be aiming for a risk-reward ratio that’s favorable (small stop loss vs. larger potential gain). Do you
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
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t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
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/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
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.