This chart presents a long trade setup for Bitcoin (BTC/USD) on the 1-hour timeframe. Here’s a professional breakdown of the analysis:
Trade Idea: Long Position
Entry Zone: Around $82,000
Stop Loss: $77,400 (Red zone)
Take Profit: $95,000 (Blue zone)
Technical Analysis: BTC appears to have found support at a key demand zone (highlighted in red), with strong rejection and buying interest. The setup suggests a potential bullish reversal, targeting a move toward $95,000.
Risk-Reward Ratio: Favorable, with an upside move significantly outweighing the downside risk.
Trade Idea: Long Position
Entry Zone: Around $82,000
Stop Loss: $77,400 (Red zone)
Take Profit: $95,000 (Blue zone)
Technical Analysis: BTC appears to have found support at a key demand zone (highlighted in red), with strong rejection and buying interest. The setup suggests a potential bullish reversal, targeting a move toward $95,000.
Risk-Reward Ratio: Favorable, with an upside move significantly outweighing the downside risk.
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.