BTCUSD Trade Setup Analysis
BTCUSD
1. Trend Analysis
- Price Action: BTC is in a strong uptrend, with recent highs near **105,819.00**.
- RSI (14): 72.88** (approaching overbought, but no divergence yet).
- MACD: Bullish but showing potential slowing momentum (histogram decreasing).
- **Key Levels:**
- Support: 82,447.57 (previous resistance turned support).
- Resistance: 105,819.00 (current high).
2. Entry Precision
- Price Action: Recent rejection from **108,104.70** (lower high) with a drop to **104,834.80**.
- RSI (14): 58.39 (neutral, slight bearish bias).
- MACD: Bearish crossover (249.955 → 241.911).
- **Key Levels:**
- Resistance:108,104.70 (recent high).
- Support: 104,834.80 (immediate level).
3. Confluence
- Price Action: Downtrend in shorter timeframe, with price below **106,237.30**.
- RSI (14): 50.6 (neutral, leaning bearish).
- MACD: Positive but weakening (41.156).
- **Key Levels**:
- Resistance: 106,237.30 (recent high).
- Support: 102,928.15 (next key level).
---
**Trade Idea: Short-Term Bearish Pullback**
Entry:
- Short near 105,820.00 (daily resistance confluence with 15M rejection).
Stop Loss (SL):
- 106,300.00 (above recent 3M high)
Take Profit (TP):
- TP1: 104,834.80 (15M support, 1:2 RRR).
- TP2: 102,928.15 (3M support, 1:4 RRR). (IDEAL)
BTCUSD 1. Trend Analysis
- Price Action: BTC is in a strong uptrend, with recent highs near **105,819.00**.
- RSI (14): 72.88** (approaching overbought, but no divergence yet).
- MACD: Bullish but showing potential slowing momentum (histogram decreasing).
- **Key Levels:**
- Support: 82,447.57 (previous resistance turned support).
- Resistance: 105,819.00 (current high).
2. Entry Precision
- Price Action: Recent rejection from **108,104.70** (lower high) with a drop to **104,834.80**.
- RSI (14): 58.39 (neutral, slight bearish bias).
- MACD: Bearish crossover (249.955 → 241.911).
- **Key Levels:**
- Resistance:108,104.70 (recent high).
- Support: 104,834.80 (immediate level).
3. Confluence
- Price Action: Downtrend in shorter timeframe, with price below **106,237.30**.
- RSI (14): 50.6 (neutral, leaning bearish).
- MACD: Positive but weakening (41.156).
- **Key Levels**:
- Resistance: 106,237.30 (recent high).
- Support: 102,928.15 (next key level).
---
**Trade Idea: Short-Term Bearish Pullback**
Entry:
- Short near 105,820.00 (daily resistance confluence with 15M rejection).
Stop Loss (SL):
- 106,300.00 (above recent 3M high)
Take Profit (TP):
- TP1: 104,834.80 (15M support, 1:2 RRR).
- TP2: 102,928.15 (3M support, 1:4 RRR). (IDEAL)
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.
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.