The chart you've shared is a 1-hour Bitcoin (BTC/USD) price chart from TradingView, and it includes technical analysis with key levels and projected price movement.
Here's a breakdown of what it shows:
Key Levels (Horizontal Orange Lines):
Resistance Levels:
$88,605
$85,600
$82,570
Current Price Area:
Around $78,881
Nearby resistance at $79,515
Support Levels:
$76,737
$75,000
$73,676
Chart Patterns & Indicators:
The blue arrow suggests a bullish projection—after a pullback, price may rise toward the $85,600 resistance.
The black arrow and pattern suggest a short-term drop before resuming upward movement.
The recent spike and dip indicate volatility, likely reacting to key news/events (e.g., the U.S. flag icons hint at upcoming economic data releases).
Possible Interpretation:
The analyst anticipates a retracement followed by a bullish breakout if price holds above support (around $76,737).
If momentum holds, target zones are $82,570 and $85,600.
Would you like help analyzing this further or setting up a trading plan based on this idea?
Here's a breakdown of what it shows:
Key Levels (Horizontal Orange Lines):
Resistance Levels:
$88,605
$85,600
$82,570
Current Price Area:
Around $78,881
Nearby resistance at $79,515
Support Levels:
$76,737
$75,000
$73,676
Chart Patterns & Indicators:
The blue arrow suggests a bullish projection—after a pullback, price may rise toward the $85,600 resistance.
The black arrow and pattern suggest a short-term drop before resuming upward movement.
The recent spike and dip indicate volatility, likely reacting to key news/events (e.g., the U.S. flag icons hint at upcoming economic data releases).
Possible Interpretation:
The analyst anticipates a retracement followed by a bullish breakout if price holds above support (around $76,737).
If momentum holds, target zones are $82,570 and $85,600.
Would you like help analyzing this further or setting up a trading plan based on this idea?
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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.
XAUUSD GOLD + BTCUSD Daily 6-7 Free Signals📊🚀
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
💫Best Trading Team
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/Gold_Derive_Killer01
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.