The chart shows Bitcoin (BTC/USD) on a 1-hour timeframe, with several key levels and trade zones highlighted:
1. Resistance: The price is currently testing a key resistance zone around 83,500 - 84,000, where price has previously faced rejection. The chart shows a series of BiBi (Break In/Buy) zones below this resistance, indicating price has bounced off those levels in the past, making them areas of interest for potential long entries if the price pulls back to those levels again.
2. BiBi Zones: Multiple BiBi zones are identified at lower levels, which are areas where price has previously bounced. The most recent BiBi zone is at 82,800, with a previous BiBi at 82,400, marking possible support levels where price may find demand and move higher.
3. Support Level: The Support Level is clearly marked at 82,400, a key level where price has reversed upward in previous moves. A break below this level could signal further downside potential, testing lower support areas.
4. Price Action: The price has recently faced a small rejection from the resistance zone around 83,500, and a BiBi zone at 82,800 is acting as support. If price holds above this support, a bullish move towards the resistance zone could be expected.
1. Resistance: The price is currently testing a key resistance zone around 83,500 - 84,000, where price has previously faced rejection. The chart shows a series of BiBi (Break In/Buy) zones below this resistance, indicating price has bounced off those levels in the past, making them areas of interest for potential long entries if the price pulls back to those levels again.
2. BiBi Zones: Multiple BiBi zones are identified at lower levels, which are areas where price has previously bounced. The most recent BiBi zone is at 82,800, with a previous BiBi at 82,400, marking possible support levels where price may find demand and move higher.
3. Support Level: The Support Level is clearly marked at 82,400, a key level where price has reversed upward in previous moves. A break below this level could signal further downside potential, testing lower support areas.
4. Price Action: The price has recently faced a small rejection from the resistance zone around 83,500, and a BiBi zone at 82,800 is acting as support. If price holds above this support, a bullish move towards the resistance zone could be expected.
👉Free Telegram Channel Link 👇
t.me/+o7AGmpIUIjM2YWM8
Vip Paid Signals Link 🔗
t.me/+o7AGmpIUIjM2YWM8
Recommend Best Broker Exness
Partner link 👇
one.exnesstrack.org/a/cpngkkjhvf
t.me/+o7AGmpIUIjM2YWM8
Vip Paid Signals Link 🔗
t.me/+o7AGmpIUIjM2YWM8
Recommend Best Broker Exness
Partner link 👇
one.exnesstrack.org/a/cpngkkjhvf
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.
👉Free Telegram Channel Link 👇
t.me/+o7AGmpIUIjM2YWM8
Vip Paid Signals Link 🔗
t.me/+o7AGmpIUIjM2YWM8
Recommend Best Broker Exness
Partner link 👇
one.exnesstrack.org/a/cpngkkjhvf
t.me/+o7AGmpIUIjM2YWM8
Vip Paid Signals Link 🔗
t.me/+o7AGmpIUIjM2YWM8
Recommend Best Broker Exness
Partner link 👇
one.exnesstrack.org/a/cpngkkjhvf
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.