This chart is a 4-hour candlestick chart for BTC/USD from Bitstamp, published on TradingView on June 22, 2025. Here's a detailed breakdown:
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Chart Features:
🟨 Highlighted Zones (Yellow Rectangles)
Support Zone (Bottom yellow box around 100,000 - 101,000):
Price recently bounced from this area.
Indicates strong buying interest; a key demand zone.
Mid-Level Resistance (~105,000 - 106,500):
Price has reacted multiple times here.
Could be the first target for a bullish move.
Upper Resistance Zones (~108,000 - 110,000 and 110,000 - 112,000):
Significant supply zones.
Potential reversal or consolidation areas.
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Current Price Action (As of June 22, 2025)
Current Price: $102,779
Marked Entry Level: Around $102,722
Stop Loss: ~$100,690 (below the support zone)
Projected Target: ~$108,996
This setup indicates a long (buy) trade with:
Entry: Near support zone
Risk-to-Reward: Favorable, as the target is significantly above the entry, and stop-loss is tight.
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Technical Context:
The chart shows a recent bullish reversal candle from support.
Volume and momentum aren't shown but would typically be considered to confirm the strength of this bounce.
The trade idea appears to be mean reversion or support-based bounce, targeting resistance levels above.
Would you like a risk-reward ratio calculated or help with placing similar trades or setting alerts?
---
Chart Features:
🟨 Highlighted Zones (Yellow Rectangles)
Support Zone (Bottom yellow box around 100,000 - 101,000):
Price recently bounced from this area.
Indicates strong buying interest; a key demand zone.
Mid-Level Resistance (~105,000 - 106,500):
Price has reacted multiple times here.
Could be the first target for a bullish move.
Upper Resistance Zones (~108,000 - 110,000 and 110,000 - 112,000):
Significant supply zones.
Potential reversal or consolidation areas.
---
Current Price Action (As of June 22, 2025)
Current Price: $102,779
Marked Entry Level: Around $102,722
Stop Loss: ~$100,690 (below the support zone)
Projected Target: ~$108,996
This setup indicates a long (buy) trade with:
Entry: Near support zone
Risk-to-Reward: Favorable, as the target is significantly above the entry, and stop-loss is tight.
---
Technical Context:
The chart shows a recent bullish reversal candle from support.
Volume and momentum aren't shown but would typically be considered to confirm the strength of this bounce.
The trade idea appears to be mean reversion or support-based bounce, targeting resistance levels above.
Would you like a risk-reward ratio calculated or help with placing similar trades or setting alerts?
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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.
t.me/goldsignalsclub3
Join my telegram for free signals link in below
t.me/goldsignalsclub3
Join my telegram for free signals link in below
t.me/goldsignalsclub3
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.