This is a 15-minute BTC/USD chart from Bitstamp, published on March 1, 2025. Here’s the analysis:
Observations:
Bullish Trade Setup:
The trader has marked a long position expecting BTC to rise.
A buy entry is made within the shaded blue area around 85,088 USDT.
The stop-loss is placed below the entry (red support zone).
The target level is around 86,600 USDT.
Price Action & Key Levels:
Previous High: A blue dot marks the "highest point", which BTC could retest.
Take Profit (TP): Marked near 86,600 USDT, where traders plan to close positions.
Support Level: Around 84,946 USDT, acting as a base for upward movement.
Market Sentiment:
The chart suggests a bullish trend, with price expected to break resistance and continue upward.
The price action is forming higher lows, signaling strength.
Conclusion:
The trader expects BTC to continue rising, with a structured long trade.
If resistance near 86,600 USDT is broken, a strong bullish move could follow.
However, if BTC fails to break resistance, a pullback might occur.