Bitcoin 4-Hour Analysis - March 26
Price is trading inside an ascending channel. After getting rejected at the channel's top, it found support at the mid-channel line and is now pushing back up toward resistance - showing buyer strength.
Key Points:
Long trigger: Break above channel resistance at $88,497
Rising volume confirms momentum
RSI entering overbought zone acts as secondary confirmation
My Approach:
Take breakout signals on the 15-minute chart
Place stop-loss below nearest swing low (15M timeframe)
Final Reminder:
Maintain strict risk management and stick to your trading plan.
Price is trading inside an ascending channel. After getting rejected at the channel's top, it found support at the mid-channel line and is now pushing back up toward resistance - showing buyer strength.
Key Points:
Long trigger: Break above channel resistance at $88,497
Rising volume confirms momentum
RSI entering overbought zone acts as secondary confirmation
My Approach:
Take breakout signals on the 15-minute chart
Place stop-loss below nearest swing low (15M timeframe)
Final Reminder:
Maintain strict risk management and stick to your trading plan.
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.