📊 BTCUSD Analysis – April 22, 2025
Price action is currently forming a rising wedge, typically a bearish pattern, indicating that a short-term correction may occur before the next bullish impulse. The structure shows consolidation with weakening momentum, suggesting that a pullback to demand zones is likely.
We have two strong support zones identified:
Zone 1: 86,400 – 86,800 — minor support from recent consolidation.
Zone 2: 84,700 – 85,100 — major demand area aligned with previous breakout and price reaction.
A retracement into either of these zones offers high-probability buy opportunities for continuation toward the upper resistance trendline and prior high near 89,700.
📈 BTCUSD Buy Signal:
Buy Entry #1: 86,400 – 86,800
Buy Entry #2: 84,700 – 85,100
Take Profit: 89,700
Stop Loss:
For Entry 1: Below 86,200
For Entry 2: Below 84,500
Trade Idea: Wait for bullish price action (engulfing candle, pin bar, or volume spike) before entering.
Price action is currently forming a rising wedge, typically a bearish pattern, indicating that a short-term correction may occur before the next bullish impulse. The structure shows consolidation with weakening momentum, suggesting that a pullback to demand zones is likely.
We have two strong support zones identified:
Zone 1: 86,400 – 86,800 — minor support from recent consolidation.
Zone 2: 84,700 – 85,100 — major demand area aligned with previous breakout and price reaction.
A retracement into either of these zones offers high-probability buy opportunities for continuation toward the upper resistance trendline and prior high near 89,700.
📈 BTCUSD Buy Signal:
Buy Entry #1: 86,400 – 86,800
Buy Entry #2: 84,700 – 85,100
Take Profit: 89,700
Stop Loss:
For Entry 1: Below 86,200
For Entry 2: Below 84,500
Trade Idea: Wait for bullish price action (engulfing candle, pin bar, or volume spike) before entering.
Trade active
What a sniper entry from 3410 (second buy zone).
It's running for 250+pips from entry, as analyzed.
Note
By mistake posted Gold update here. Apologies.Trade closed: target reached
Our entry did'nt trigger on BTC, however, upon respecting my trendline it flyyyed to 91500.
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✅Free Telegram Group
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
WhatsApp👇
wa.me/message/HRLMFQNPUGIRF1
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.