Technical Analysis:
Daily Chart
• Trend: Strong uptrend with a recent bullish recovery from a pullback.
• MACD: Bullish crossover, MACD line above Signal line, histogram positive.
• RSI (14): 66.21 — momentum is strong but not overbought.
15-Minute Chart
• MACD: Positive histogram and crossover confirming short-term bullish momentum.
• RSI (14): 53.89 — mid-range, confirming no immediate exhaustion.
• Price Action: Higher lows and higher highs indicate short-term trend alignment with the Daily.
3-Minute Chart
• MACD: Bearish divergence, indicating a possible short-term pullback.
• RSI (14): 43.43 — recent dip offering a better long entry on minor weakness.
• Price: Currently consolidating near $97,000 after rejecting a local high.
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Fundamental Context:
• Macro: Institutional inflows into BTC ETFs and upcoming monetary easing expectations are long-term bullish drivers.
• Market Sentiment: Risk-on behavior across equities is spilling into crypto.
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Trade Setup (Long Position)
• Entry: $96,800
• Minor pullback support zone on M15/M3, aligns with moving average and volume node.
• Stop Loss (SL): $95,400
• Below recent swing low and structural support.
• Take Profit (TP): $100,200
• Near Daily resistance and psychological round number
BTCUSD
Daily Chart
• Trend: Strong uptrend with a recent bullish recovery from a pullback.
• MACD: Bullish crossover, MACD line above Signal line, histogram positive.
• RSI (14): 66.21 — momentum is strong but not overbought.
15-Minute Chart
• MACD: Positive histogram and crossover confirming short-term bullish momentum.
• RSI (14): 53.89 — mid-range, confirming no immediate exhaustion.
• Price Action: Higher lows and higher highs indicate short-term trend alignment with the Daily.
3-Minute Chart
• MACD: Bearish divergence, indicating a possible short-term pullback.
• RSI (14): 43.43 — recent dip offering a better long entry on minor weakness.
• Price: Currently consolidating near $97,000 after rejecting a local high.
⸻
Fundamental Context:
• Macro: Institutional inflows into BTC ETFs and upcoming monetary easing expectations are long-term bullish drivers.
• Market Sentiment: Risk-on behavior across equities is spilling into crypto.
⸻
Trade Setup (Long Position)
• Entry: $96,800
• Minor pullback support zone on M15/M3, aligns with moving average and volume node.
• Stop Loss (SL): $95,400
• Below recent swing low and structural support.
• Take Profit (TP): $100,200
• Near Daily resistance and psychological round number
BTCUSD Order cancelled
PRICE MISSED ENTRY BY $150, IT HAS SINCED MOVED TO A 1:1RRR AND MY SL TO BE ZONE. CLOSING LIMIT ORDER MANUALLY
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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.
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.