Most Relevant Timeframe for Taking a Position
• Based on the analysis, the 12H timeframe appears to be the most relevant for taking a position because:
• It shows a clear bullish trend (MTFTI AVG Dark Green) with potential buy signals (ISPD, Mason’s Line).
• Short-term bearish divergences (MTFTI on 4H-12H) and overbought signals (HPI) are less extreme than on 8H or 4H, providing a window to enter before a possible correction.
• Supports (84,000.42) and resistances (99,218.16) are well-defined and consistent with key levels.
Key Support and Resistance Levels for Taking a Position
• Supports:
• 79,647.42-85,963.23 (Auto AVWAP-Low across various timeframes, aligned with identified zones).
• Oversold zones identified by Mason’s Line (0.3438-0.4065), suggesting buying opportunities around these levels.
• Resistances:
• 98,857.36-99,247.67 (Auto AVWAP-High on 1D, 12H, 8H, 4H, 2H), consistent with key resistance levels.
• Overbought conditions signaled by HPI (94-100) and Mason’s Line (0.7408), indicating potential selling or profit-taking if these levels are reached.
Actionable Recommendations
1. Long Position (Buy):
• Enter on the 12H timeframe if the price tests supports at 84,000.42-85,963.23, with buy signals confirmed by ISPD (Investor Satisfaction near 0), Mason’s Line (satisfaction < SMA), and Koncorde (Azul > Verde).
• Target: Resistances at 98,857.36-99,218.16, but monitor overbought signals (HPI > 90, Mason’s Satisfaction > 0.97).
• Stop-loss: Below supports at 79,647.42 to limit risks in case of a correction.
2. Short Position (Sell):
• Enter if HPI reaches 94-100 (on 8H, 4H) and Mason’s Satisfaction approaches 1 (on 2H, 0.7408), indicating extreme overbought conditions. Confirm with MTFTI showing short-term bearish trends (Down on 1H-12H).
• Target: Supports at 84,000.42-85,963.23.
• Stop-loss: Above resistances at 99,218.16 to limit risks of a bullish breakout.
3. General Caution:
• Await clarity from the crypto summit at the White House on March 7, 2025, to assess its impact on Bitcoin.
• Monitor key levels (77,930$, 84,000$, 93,570$) and volatility, as a correction is likely after initial euphoria, supported by overbought indicators.
This analysis combines a rigorous chart reading with current insights to provide a coherent and actionable perspective, while accounting for ongoing uncertainties and volatility on BTC/USDT.
• Based on the analysis, the 12H timeframe appears to be the most relevant for taking a position because:
• It shows a clear bullish trend (MTFTI AVG Dark Green) with potential buy signals (ISPD, Mason’s Line).
• Short-term bearish divergences (MTFTI on 4H-12H) and overbought signals (HPI) are less extreme than on 8H or 4H, providing a window to enter before a possible correction.
• Supports (84,000.42) and resistances (99,218.16) are well-defined and consistent with key levels.
Key Support and Resistance Levels for Taking a Position
• Supports:
• 79,647.42-85,963.23 (Auto AVWAP-Low across various timeframes, aligned with identified zones).
• Oversold zones identified by Mason’s Line (0.3438-0.4065), suggesting buying opportunities around these levels.
• Resistances:
• 98,857.36-99,247.67 (Auto AVWAP-High on 1D, 12H, 8H, 4H, 2H), consistent with key resistance levels.
• Overbought conditions signaled by HPI (94-100) and Mason’s Line (0.7408), indicating potential selling or profit-taking if these levels are reached.
Actionable Recommendations
1. Long Position (Buy):
• Enter on the 12H timeframe if the price tests supports at 84,000.42-85,963.23, with buy signals confirmed by ISPD (Investor Satisfaction near 0), Mason’s Line (satisfaction < SMA), and Koncorde (Azul > Verde).
• Target: Resistances at 98,857.36-99,218.16, but monitor overbought signals (HPI > 90, Mason’s Satisfaction > 0.97).
• Stop-loss: Below supports at 79,647.42 to limit risks in case of a correction.
2. Short Position (Sell):
• Enter if HPI reaches 94-100 (on 8H, 4H) and Mason’s Satisfaction approaches 1 (on 2H, 0.7408), indicating extreme overbought conditions. Confirm with MTFTI showing short-term bearish trends (Down on 1H-12H).
• Target: Supports at 84,000.42-85,963.23.
• Stop-loss: Above resistances at 99,218.16 to limit risks of a bullish breakout.
3. General Caution:
• Await clarity from the crypto summit at the White House on March 7, 2025, to assess its impact on Bitcoin.
• Monitor key levels (77,930$, 84,000$, 93,570$) and volatility, as a correction is likely after initial euphoria, supported by overbought indicators.
This analysis combines a rigorous chart reading with current insights to provide a coherent and actionable perspective, while accounting for ongoing uncertainties and volatility on BTC/USDT.
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.