This chart is a technical analysis for Bitcoin (BTC/USD) on the 1-hour timeframe.
Chart Overview:
Current Price: Around $82,048.
Price Action: The chart shows a recent downward trend, with a slight recovery forming at the current level.
Key Zones and Levels:
Entry Zone (Highlighted Area):
This is the zone between approximately $83,601 to $84,000+.
It's marked as a sell/short entry zone, indicating the trader is looking to enter a short position (betting price will go down) when price reaches this level.
Stop Loss (SL):
Marked at $84,319, slightly above the entry zone.
This is the risk management level — if the price goes above this, the trade will be closed to avoid further losses.
Initial Target:
Marked at $82,524.
This is the first take-profit level where partial profits might be taken.
Final Target:
Marked around $81,265.
This is the main profit goal of the trade setup.
Expected Price Movement (Pattern Illustration):
The chart illustrates a potential price path with zigzag lines:
Price is expected to rise into the entry zone.
Then a rejection (downward move) is expected.
Price might briefly consolidate before continuing downward toward the initial and final targets.
Entry: Between $83,600 – $84,000+
Stop Loss: $84,319
Initial Take Profit: $82,524
Final Take Profit: ~$81,265
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
Chart Overview:
Current Price: Around $82,048.
Price Action: The chart shows a recent downward trend, with a slight recovery forming at the current level.
Key Zones and Levels:
Entry Zone (Highlighted Area):
This is the zone between approximately $83,601 to $84,000+.
It's marked as a sell/short entry zone, indicating the trader is looking to enter a short position (betting price will go down) when price reaches this level.
Stop Loss (SL):
Marked at $84,319, slightly above the entry zone.
This is the risk management level — if the price goes above this, the trade will be closed to avoid further losses.
Initial Target:
Marked at $82,524.
This is the first take-profit level where partial profits might be taken.
Final Target:
Marked around $81,265.
This is the main profit goal of the trade setup.
Expected Price Movement (Pattern Illustration):
The chart illustrates a potential price path with zigzag lines:
Price is expected to rise into the entry zone.
Then a rejection (downward move) is expected.
Price might briefly consolidate before continuing downward toward the initial and final targets.
Entry: Between $83,600 – $84,000+
Stop Loss: $84,319
Initial Take Profit: $82,524
Final Take Profit: ~$81,265
ALWAYS USE STOPLOSS AND TAKE PROFIT AS WELL AS RISK MANAGEMENT FOR YOUR TRADES.
ITS JUST MY ANALYSIS OR PREDICTION LET'S SEE WHAT WILL HAPPEN IF YOU LIKE MY IDEA SO SUPPORT ME AND BOOST TO APPRECIATES.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
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.
💰 *Bullion Buzz*: Where gold trading meets modern insights—stay ahead in the market with real-time trends and expert tips. ✨
t.me/bullionbuzz
t.me/bullionbuzz
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.