This is a Bitcoin (BTC/USD) 1-hour chart from TradingView, annotated with technical patterns and predictions. Here's a breakdown of what it shows:
1. Price Zones & Key Levels:
Resistance levels: Around 79,515 and 82,533–82,570.
Support levels: Around 76,737, 74,429, and 71,060.
2. Price Action:
Initially, Bitcoin traded within a horizontal channel (boxed in red).
Followed by a downward breakout and a steep drop.
Then a bullish correction forming a rising channel.
Another breakdown is noted with a small drop (marked by black arrows).
3. Forecast (Blue Path):
A potential short-term dip is expected below current levels (toward support).
Followed by a bullish reversal moving back toward the 79,515 zone.
If bullish momentum continues, price may target the 82,533–82,570 area.
4. Trade Setup:
Entry zone: Around the dip near current price (~76,818).
Stop-loss: Just below 74,429 or possibly 71,060.
Take-profit: First target at 79,515, second at 82,533.
Would you like a more detailed trade plan or analysis based on this chart?
1. Price Zones & Key Levels:
Resistance levels: Around 79,515 and 82,533–82,570.
Support levels: Around 76,737, 74,429, and 71,060.
2. Price Action:
Initially, Bitcoin traded within a horizontal channel (boxed in red).
Followed by a downward breakout and a steep drop.
Then a bullish correction forming a rising channel.
Another breakdown is noted with a small drop (marked by black arrows).
3. Forecast (Blue Path):
A potential short-term dip is expected below current levels (toward support).
Followed by a bullish reversal moving back toward the 79,515 zone.
If bullish momentum continues, price may target the 82,533–82,570 area.
4. Trade Setup:
Entry zone: Around the dip near current price (~76,818).
Stop-loss: Just below 74,429 or possibly 71,060.
Take-profit: First target at 79,515, second at 82,533.
Would you like a more detailed trade plan or analysis based on this chart?
Trade closed: target reached
BTCUSD Target successfully Reached. 
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.