This chart presents a technical analysis of Bitcoin (BTC/USD) on the 4-hour timeframe. Here's a breakdown of the tools and patterns used:
## Tools Used
1. Support and Resistance Zones: Resistance (Dynamic Supply Zone) is marked in red and purple at the top, acting as a barrier for potential reversals or breakouts. Support, Dynamic Support, and Demand Zone are marked in blue shades at the bottom, serving as barriers for sellers.
2. Order Blocks (OB): An Order Block is highlighted around the 85,000 level.
3. Break of Structure (BOS): Two BOS labels indicate market structure breaks, helping identify trend reversals or continuations.
4. Range/Consolidation Zones: Captured ranges and rectangles highlight consolidation and accumulation/distribution zones.
5. Price Levels: Key price levels and projections are used (no explicit Fibonacci tool visible).
## Patterns/Concepts
1. Liquidity Sweep: A curved line near the top suggests a liquidity grab before a potential drop.
2. Projection Path: A blue curved line projects a short-term drop followed by a bullish move.
3. Dynamic Levels: Dynamic Support hints at moving support levels, possibly trendlines or EMAs.
4. Price Action Concepts: Order Blocks, Break of Structure, and Supply/Demand zones are key elements in Smart Money Concepts (SMC).
## Fundamental Outlook
The growing intersection between government policy and cryptocurrency, with more nations establishing regulations, could drive bullish sentiment. Clearer regulations may lead to increased adoption and investment in digital assets."
Summary: Bitcoin's current trend suggests a potential reversal around $84,000, followed by a continuation of the bullish move. Let's monitor this level and see how the market responds.
Here is my point of view about (BTCUSD). What you think about it, write in comment section. Thanks.
## Tools Used
1. Support and Resistance Zones: Resistance (Dynamic Supply Zone) is marked in red and purple at the top, acting as a barrier for potential reversals or breakouts. Support, Dynamic Support, and Demand Zone are marked in blue shades at the bottom, serving as barriers for sellers.
2. Order Blocks (OB): An Order Block is highlighted around the 85,000 level.
3. Break of Structure (BOS): Two BOS labels indicate market structure breaks, helping identify trend reversals or continuations.
4. Range/Consolidation Zones: Captured ranges and rectangles highlight consolidation and accumulation/distribution zones.
5. Price Levels: Key price levels and projections are used (no explicit Fibonacci tool visible).
## Patterns/Concepts
1. Liquidity Sweep: A curved line near the top suggests a liquidity grab before a potential drop.
2. Projection Path: A blue curved line projects a short-term drop followed by a bullish move.
3. Dynamic Levels: Dynamic Support hints at moving support levels, possibly trendlines or EMAs.
4. Price Action Concepts: Order Blocks, Break of Structure, and Supply/Demand zones are key elements in Smart Money Concepts (SMC).
## Fundamental Outlook
The growing intersection between government policy and cryptocurrency, with more nations establishing regulations, could drive bullish sentiment. Clearer regulations may lead to increased adoption and investment in digital assets."
Summary: Bitcoin's current trend suggests a potential reversal around $84,000, followed by a continuation of the bullish move. Let's monitor this level and see how the market responds.
Here is my point of view about (BTCUSD). What you think about it, write in comment section. Thanks.
Trade active
BTCUSD Sell Entry 94.300target 92, 300
target 89,300
target 84,300
stop loss 96,300
use proper risk management.
Trade closed: target reached
first target reach successfully.
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.