The chart you shared is a 1-hour candlestick chart of Bitcoin (BTC/USD) on Bitstamp, and here's a quick breakdown of what it shows:
Current Price: $83,205 (as of the chart's timestamp).
Key Zones Highlighted:
Resistance Zones (in red):
Around $85,500–$86,500 (upper red zone).
Around $84,000–$85,000 (middle red zone).
Support Zone (in grey):
Around $81,500–$82,300.
Blue Drawing: Indicates a possible bullish scenario. The price is expected to dip slightly near the support zone and then push upward to retest the $84,000–$85,000 resistance zone.
This suggests a bullish bias as long as the support zone holds. A break above $84,000 could potentially trigger further upside.
Would you like an analysis of potential trade setups based on this chart?
Current Price: $83,205 (as of the chart's timestamp).
Key Zones Highlighted:
Resistance Zones (in red):
Around $85,500–$86,500 (upper red zone).
Around $84,000–$85,000 (middle red zone).
Support Zone (in grey):
Around $81,500–$82,300.
Blue Drawing: Indicates a possible bullish scenario. The price is expected to dip slightly near the support zone and then push upward to retest the $84,000–$85,000 resistance zone.
This suggests a bullish bias as long as the support zone holds. A break above $84,000 could potentially trigger further upside.
Would you like an analysis of potential trade setups based on this chart?
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.
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.