The fourth chart you uploaded shows the BTC/USD pair on the 1-hour timeframe, as displayed on TradingView.
Key Observations:
1. Consolidation Breakout:
The green box on the left indicates a consolidation phase between approximately 95,000 and 96,000.
After the breakout above this range, the price surged significantly, indicating strong bullish momentum.
2. Support and Resistance:
The chart shows a resistance breakout at around 98,000, leading to a sharp upward move.
A gray demand zone is marked around 96,000, suggesting potential support if the price pulls back.
3. Current Price Action:
The price has reached around 101,188, displaying a gain of 4.26%.
The pattern indicates potential short-term consolidation or a minor pullback to the newly established support before a further upward move.
4. Possible Scenario:
The chart suggests a possible retracement towards the new support zone before continuing the bullish trend.
Analysis:
The overall sentiment appears bullish, but after a strong upward move, some consolidation or a minor correction might take place before continuing the uptrend.
Would you like suggestions on managing positions or spotting potential re-entry points?
Key Observations:
1. Consolidation Breakout:
The green box on the left indicates a consolidation phase between approximately 95,000 and 96,000.
After the breakout above this range, the price surged significantly, indicating strong bullish momentum.
2. Support and Resistance:
The chart shows a resistance breakout at around 98,000, leading to a sharp upward move.
A gray demand zone is marked around 96,000, suggesting potential support if the price pulls back.
3. Current Price Action:
The price has reached around 101,188, displaying a gain of 4.26%.
The pattern indicates potential short-term consolidation or a minor pullback to the newly established support before a further upward move.
4. Possible Scenario:
The chart suggests a possible retracement towards the new support zone before continuing the bullish trend.
Analysis:
The overall sentiment appears bullish, but after a strong upward move, some consolidation or a minor correction might take place before continuing the uptrend.
Would you like suggestions on managing positions or spotting potential re-entry points?
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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 5-6 Free Signals📊🚀
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
✅GOLD
✅BTC
✅EURUSD
✅USDJPY
TELEGRAM CHANNEL 👇🏻👇🏻👇🏻👇🏻👇🏻👇🏻
t.me/+QC9FeJZu3mthYTRk
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.