The charts you've shared show detailed trading setups and projections for Bitcoin (BTC/USD) on the hourly chart. Here's a summary of what the images suggest:
Entry/Take-Profit Levels: The price action has clearly defined support and resistance levels. The blue take-profit boxes are targets for short trades.
Stop-Loss: Indicated in the upper blue box, which helps limit losses if the price breaks upwards.
Target Zones: There are two clear target areas (around 108,678.41 and 107,153.26). A further extension to 106,996.25 is noted as an extended target.
The idea appears to be:
Sell/short near the upper resistance zone (110,517.57).
Take profit as price drops to the indicated target areas.
This looks like a classic breakout-retest trade in a downtrend, using Ichimoku cloud support/resistance and horizontal support levels.
Would you like me to analyze it further, or do you have a specific question about these trade setups?
Entry/Take-Profit Levels: The price action has clearly defined support and resistance levels. The blue take-profit boxes are targets for short trades.
Stop-Loss: Indicated in the upper blue box, which helps limit losses if the price breaks upwards.
Target Zones: There are two clear target areas (around 108,678.41 and 107,153.26). A further extension to 106,996.25 is noted as an extended target.
The idea appears to be:
Sell/short near the upper resistance zone (110,517.57).
Take profit as price drops to the indicated target areas.
This looks like a classic breakout-retest trade in a downtrend, using Ichimoku cloud support/resistance and horizontal support levels.
Would you like me to analyze it further, or do you have a specific question about these trade setups?
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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.