Technical Analysis (BTC/USD - 1H Chart)
- Resistance Area: Bitcoin is approaching a key resistance zone around $87,100 - $88,400, where selling pressure has previously emerged.
- Price Action: A strong upward move is testing resistance after a sharp downtrend and consolidation.
- Potential Rejection: If price fails to break above resistance, a bearish move towards the $80,000 - $79,600 target area is likely.
- Breakout Scenario: A decisive break above $88,400 could invalidate the short setup and signal further upside.
- Volume Analysis: Increasing volume near resistance could indicate strong interest from sellers.
Watch for confirmation signals before entering a trade.
If you enjoy, press the like button.
- Resistance Area: Bitcoin is approaching a key resistance zone around $87,100 - $88,400, where selling pressure has previously emerged.
- Price Action: A strong upward move is testing resistance after a sharp downtrend and consolidation.
- Potential Rejection: If price fails to break above resistance, a bearish move towards the $80,000 - $79,600 target area is likely.
- Breakout Scenario: A decisive break above $88,400 could invalidate the short setup and signal further upside.
- Volume Analysis: Increasing volume near resistance could indicate strong interest from sellers.
Watch for confirmation signals before entering a trade.
If you enjoy, press the like button.
Trade active
Active your trades now.Note
Congratulations guys, trade running 150 pips+ profits.Note
Hold your trades towards targets.Note
Congratulations guys, 200 pips+ profit booked. Note
Once again trade activated from same zone same price 86k$.Note
Congratulation guys, once again we enjoying 100 pips+ profits.Trade closed manually
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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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
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.