This is a *technical analysis chart* for BTC/USD on a *4-hour timeframe*. The chart employs multiple *technical analysis tools and concepts*, including:
1. *Market Structure Analysis*
- *CHOCH (Change of Character):* Indicates a shift in market direction.
- *BOS (Break of Structure):* Confirms a trend change.
2. *Trendlines & Channels*
- *Uptrend channel:* Price movement is confined within a rising parallel channel.
- *Trend lines:* Used to define support and resistance levels.
3. *Liquidity Zones (LQD)*
- *Fair Value Gap (FVG):* Areas where price imbalance exists, often used for potential retracement levels.
- *Liquidity pools:* Marked where price is expected to revisit.
4. *Breakout Expectation*
- *Marked ‘Expecting Breakout’ zone:* Indicates a predicted upward move.
- *Target Price Projection:* A price box estimating a move of *8,260 points (9.56%)* to approximately *94,000*.
5. *Indicators & Tools*
- *Candlestick patterns* and *trend confirmations* are utilized.
- *Fibonacci-based levels (potentially used for retracements or extensions).*
This chart is used by traders to predict a potential bullish breakout for Bitcoin. Let me know if you need more insights!
1. *Market Structure Analysis*
- *CHOCH (Change of Character):* Indicates a shift in market direction.
- *BOS (Break of Structure):* Confirms a trend change.
2. *Trendlines & Channels*
- *Uptrend channel:* Price movement is confined within a rising parallel channel.
- *Trend lines:* Used to define support and resistance levels.
3. *Liquidity Zones (LQD)*
- *Fair Value Gap (FVG):* Areas where price imbalance exists, often used for potential retracement levels.
- *Liquidity pools:* Marked where price is expected to revisit.
4. *Breakout Expectation*
- *Marked ‘Expecting Breakout’ zone:* Indicates a predicted upward move.
- *Target Price Projection:* A price box estimating a move of *8,260 points (9.56%)* to approximately *94,000*.
5. *Indicators & Tools*
- *Candlestick patterns* and *trend confirmations* are utilized.
- *Fibonacci-based levels (potentially used for retracements or extensions).*
This chart is used by traders to predict a potential bullish breakout for Bitcoin. Let me know if you need more insights!
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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.
Join Telegram Channel Free t.me/+lvC6DGTZAqk3NTI8 "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/+XHUwVU1EKek0Nzlk
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.