This chart is a technical analysis setup for Bitcoin (BTC/USD) on the 15-minute timeframe. Here’s a breakdown of what it shows:
Entry Level: Around $93,500 – where the current price is hovering.
Take Profit Level: Around $94,700 – marked in green at the top.
Stop Loss Level: Around $92,900 – just above the support zone.
Support Level: Marked in red at the bottom, around $92,000.
Resistance Zone: The upper red area near the take profit level.
Pattern: Multiple higher lows suggest a potential bullish move. The arrows and circles indicate price action showing a possible inverse head-and-shoulders or ascending triangle structure.
This setup suggests a long (buy) trade based on price rebounding off support and aiming for the resistance zone above. The
Entry Level: Around $93,500 – where the current price is hovering.
Take Profit Level: Around $94,700 – marked in green at the top.
Stop Loss Level: Around $92,900 – just above the support zone.
Support Level: Marked in red at the bottom, around $92,000.
Resistance Zone: The upper red area near the take profit level.
Pattern: Multiple higher lows suggest a potential bullish move. The arrows and circles indicate price action showing a possible inverse head-and-shoulders or ascending triangle structure.
This setup suggests a long (buy) trade based on price rebounding off support and aiming for the resistance zone above. The
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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.