I'm shared, this is a 1-hour timeframe for BTC/USD on Coinbase with technical analysis showing a bearish structure, and here’s the summary with target levels:
🔍 Analysis Summary:
Price broke down from an ascending channel.
It retested the resistance zone after breaking the fair value gap (FVG).
Now it's moving into the highlighted yellow demand/FVG zone, indicating potential short-term support.
There are two target levels marked on the chart.
🎯 Target Levels:
1. First Target Zone: Around $103,000
This is a possible bounce zone or take-profit area for short sellers.
2. Second Target Zone: Around $101,000–$102,000
This is the deeper target and the likely end of the projected bearish wave, based on the black arrow's path.
Let me know if you want me to help calculate Fibonacci levels or volume profiles for more precision.
🔍 Analysis Summary:
Price broke down from an ascending channel.
It retested the resistance zone after breaking the fair value gap (FVG).
Now it's moving into the highlighted yellow demand/FVG zone, indicating potential short-term support.
There are two target levels marked on the chart.
🎯 Target Levels:
1. First Target Zone: Around $103,000
This is a possible bounce zone or take-profit area for short sellers.
2. Second Target Zone: Around $101,000–$102,000
This is the deeper target and the likely end of the projected bearish wave, based on the black arrow's path.
Let me know if you want me to help calculate Fibonacci levels or volume profiles for more precision.
Note
1st target done 400 pips
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📲 Join telegram channel free ..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/+yJ2-qfkocRg1NDlk
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Gold_Analysis_Experiment
Gold Signal's with proper TP & SL for high profit opportunities..
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.