This chart shows a Bitcoin (BTC/USD) price analysis on a 1-hour timeframe, with a classic range trading setup:
Entry Level: Around $83,600, marked by the blue line.
Stop Loss: Below $83,000, to limit downside risk.
Take Profit: Around $86,000, near the resistance zone.
Key Observations:
The chart highlights a horizontal channel, with price consistently bouncing between support ($86,000).
Orange circles emphasize previous bounces at these levels, reinforcing the idea of strong support/resistance zones.
The current setup suggests a long (buy) entry at support with a target back to resistance.
Would you like help calculating position size based on your risk tolerance or anything else related to this trade idea?
Entry Level: Around $83,600, marked by the blue line.
Stop Loss: Below $83,000, to limit downside risk.
Take Profit: Around $86,000, near the resistance zone.
Key Observations:
The chart highlights a horizontal channel, with price consistently bouncing between support ($86,000).
Orange circles emphasize previous bounces at these levels, reinforcing the idea of strong support/resistance zones.
The current setup suggests a long (buy) entry at support with a target back to resistance.
Would you like help calculating position size based on your risk tolerance or anything else related to this trade idea?
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
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t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
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.
📲 Join telegram channel free ..
t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
t.me/ADKillerA8uOX5hZmM0
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/ProfessorFxUniversity
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.