This chart contains several technical analysis tools and patterns, including:
. *Curve Trend* – A curved trend line representing a parabolic price move.
. *Break of Structure (BOS)* – Marked areas indicating significant changes in market structure.
. *Change of Character (CHOCH)* – Highlighted to indicate a shift in trend.
. *Trend Lines* – Diagonal lines marking an upward price channel.
. *Order Block (OB)* – A demand zone where price might react.
. *Support and Resistance Levels* – Horizontal levels where price is likely to react.
. *Breakout Zone* – Marked in red, suggesting a potential move after breaking trend support.
. *Projected Price Movement* – Arrows indicating expected price direction, with a bearish scenario highlighted.
"The BTCUSD is currently in a bullish trend. However, we need to monitor its continuation until a potential break-out occurs below the downside trend line. Once the break-out is confirmed, we will adjust our setup from bullish to bearish."
The overall chart suggests a rising wedge formation with a potential bearish breakout.
. *Curve Trend* – A curved trend line representing a parabolic price move.
. *Break of Structure (BOS)* – Marked areas indicating significant changes in market structure.
. *Change of Character (CHOCH)* – Highlighted to indicate a shift in trend.
. *Trend Lines* – Diagonal lines marking an upward price channel.
. *Order Block (OB)* – A demand zone where price might react.
. *Support and Resistance Levels* – Horizontal levels where price is likely to react.
. *Breakout Zone* – Marked in red, suggesting a potential move after breaking trend support.
. *Projected Price Movement* – Arrows indicating expected price direction, with a bearish scenario highlighted.
"The BTCUSD is currently in a bullish trend. However, we need to monitor its continuation until a potential break-out occurs below the downside trend line. Once the break-out is confirmed, we will adjust our setup from bullish to bearish."
The overall chart suggests a rising wedge formation with a potential bearish breakout.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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.