This chart is a Bitcoin (BTC/USD) price analysis on the 1-hour timeframe from BITSTAMP. It shows a bullish prediction, indicating a potential price movement from a "BUY ZONE" to a "target win" level.
Key elements of the chart:
1. Buy Zone (Support Area):
The red-shaded area around 80,000 suggests a strong support zone where buying opportunities were identified.
2. Breakout Confirmation:
The price moved above the 84,120 resistance, confirming a breakout.
A strong bullish move followed, leading to a sharp price increase.
3. Target Win (Resistance Level):
The 95,122 level is marked as the target win, meaning the price was expected to reach this resistance level.
4. Price Surge & Prediction Success:
The price moved aggressively towards the target, indicating the analysis was successful.
This chart suggests that a buying opportunity was spotted in the Buy Zone, leading to a successful bullish trade toward the resistance target.
Key elements of the chart:
1. Buy Zone (Support Area):
The red-shaded area around 80,000 suggests a strong support zone where buying opportunities were identified.
2. Breakout Confirmation:
The price moved above the 84,120 resistance, confirming a breakout.
A strong bullish move followed, leading to a sharp price increase.
3. Target Win (Resistance Level):
The 95,122 level is marked as the target win, meaning the price was expected to reach this resistance level.
4. Price Surge & Prediction Success:
The price moved aggressively towards the target, indicating the analysis was successful.
This chart suggests that a buying opportunity was spotted in the Buy Zone, leading to a successful bullish trade toward the resistance target.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
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.