BTCUSD chart Analysis 4hour check Captain
This is a 4-hour candlestick chart of Bitcoin (BTC) against the US Dollar (USD) on the BITSTAMP exchange. Here’s what it indicates:
1. Key Price Levels:
Current BTC price: $98,144
Buy price: $98,154
Sell price: $98,142
Support levels: $94,382 and $89,065 (marked in blue)
2. Technical Analysis:
The blue horizontal lines represent key support zones.
BTC has recently tested the $94,382 support level and bounced back.
The blue upward arrow suggests a bullish outlook, indicating a potential rise in price from this support.
3. Possible Scenarios:
If BTC holds above $94,382, it could push higher, potentially toward $100,000 or more.
If BTC breaks below $94,382, it might fall toward the $89,065 support level before bouncing back.
This chart suggests a bullish reversal is expected from the support level. Are you considering a trade based on this setup?
1. Key Price Levels:
Current BTC price: $98,144
Buy price: $98,154
Sell price: $98,142
Support levels: $94,382 and $89,065 (marked in blue)
2. Technical Analysis:
The blue horizontal lines represent key support zones.
BTC has recently tested the $94,382 support level and bounced back.
The blue upward arrow suggests a bullish outlook, indicating a potential rise in price from this support.
3. Possible Scenarios:
If BTC holds above $94,382, it could push higher, potentially toward $100,000 or more.
If BTC breaks below $94,382, it might fall toward the $89,065 support level before bouncing back.
This chart suggests a bullish reversal is expected from the support level. Are you considering a trade based on this setup?
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.