This is a Bitcoin (BTC/USD) 1-hour chart from TradingView, showing a bullish outlook for BTC. Here's what it means:
Key Elements of the Chart:
1. Resistance Levels (Blue Zones & Black Line at $95,145):
The price previously dropped from the resistance zone around $95,145.
Another resistance area is forming around $85,000 (blue shaded zone).
2. Current Price Action:
BTC is currently at $83,236 and moving upward toward the $85,000 resistance.
The blue upward arrow suggests a bullish breakout from this zone.
3. Bullish Projection (Blue Arrow):
If BTC breaks above $85,000, it could continue rising toward $95,145.
The arrow indicates a potential long trade opportunity if resistance is broken.
Conclusion:
If BTC breaks above $85,000, the next major target is $95,145.
If resistance holds, BTC could face rejection and move lower.
Would you like me to refine this further for your VIP group or create an updated analysis?
Key Elements of the Chart:
1. Resistance Levels (Blue Zones & Black Line at $95,145):
The price previously dropped from the resistance zone around $95,145.
Another resistance area is forming around $85,000 (blue shaded zone).
2. Current Price Action:
BTC is currently at $83,236 and moving upward toward the $85,000 resistance.
The blue upward arrow suggests a bullish breakout from this zone.
3. Bullish Projection (Blue Arrow):
If BTC breaks above $85,000, it could continue rising toward $95,145.
The arrow indicates a potential long trade opportunity if resistance is broken.
Conclusion:
If BTC breaks above $85,000, the next major target is $95,145.
If resistance holds, BTC could face rejection and move lower.
Would you like me to refine this further for your VIP group or create an updated analysis?
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.