Thanks for sharing these charts! Let me analyze them and offer a quick interpretation:
Summary of the Charts
Timeframe: 1-hour chart for Bitcoin/USD (BTC/USD).
Price levels: Horizontal support/resistance zones are highlighted.
Key Zones:
Support zone around 107,000–107,500 (pink zone).
Resistance zone around 108,800–109,000 and up to 112,000.
Ichimoku Cloud: Shaded area around the price indicating potential resistance/support zones.
Take Profit levels: Labeled in blue speech bubbles, suggesting price targets around 110,000–112,000.
Main Idea
Bitcoin price is bouncing from a strong support zone (pink rectangle) and is expected to move towards the take profit zones (green rectangles above).
The plan seems to be a long position from the pink support zone, targeting 110,000–112,000.
Analysis
✅ Support Zone (Pink)
The pink zone has been tested multiple times, showing strong buying interest.
✅ Resistance/Take Profit Zone (Green)
Clearly marked in the images, these are the areas to consider taking partial or full profits.
✅ Potential for Upward Move
Arrows suggest a bullish breakout once the price clears immediate resistance (~108,000), targeting the higher take profit levels.
Risk
If price breaks below the pink support zone (around 106,220), this setup may become invalid.
Conclusion
This looks like a classic range trading/bounce trade strategy. Do you want help with:
✅ Setting up a stop-loss?
✅ Entry points and exit plans
Summary of the Charts
Timeframe: 1-hour chart for Bitcoin/USD (BTC/USD).
Price levels: Horizontal support/resistance zones are highlighted.
Key Zones:
Support zone around 107,000–107,500 (pink zone).
Resistance zone around 108,800–109,000 and up to 112,000.
Ichimoku Cloud: Shaded area around the price indicating potential resistance/support zones.
Take Profit levels: Labeled in blue speech bubbles, suggesting price targets around 110,000–112,000.
Main Idea
Bitcoin price is bouncing from a strong support zone (pink rectangle) and is expected to move towards the take profit zones (green rectangles above).
The plan seems to be a long position from the pink support zone, targeting 110,000–112,000.
Analysis
✅ Support Zone (Pink)
The pink zone has been tested multiple times, showing strong buying interest.
✅ Resistance/Take Profit Zone (Green)
Clearly marked in the images, these are the areas to consider taking partial or full profits.
✅ Potential for Upward Move
Arrows suggest a bullish breakout once the price clears immediate resistance (~108,000), targeting the higher take profit levels.
Risk
If price breaks below the pink support zone (around 106,220), this setup may become invalid.
Conclusion
This looks like a classic range trading/bounce trade strategy. Do you want help with:
✅ Setting up a stop-loss?
✅ Entry points and exit plans
Trade active
ACTIVE TRADE
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.