BTCUSD ANAYLSIS ( MUST READ CAPTION )
Hello Trader's
check out my anaylsis on btcusd and also share your idea on this in comment section and don't forget to follow and boost
Key Points from the Chart:
Timeframe: 1-hour chart (1h)
Current Price: Approximately $94,000
Resistance Zone: Around $102,000
Target Area: $99,000
Entry Point: $94,000
Stop Loss: $91,600
Resistance Zone: Between roughly $102,000 and $104,000. This is an area where the price has previously struggled to break through.
Target Area: Around $99,000. This is the analyst's predicted price target.
Stop Loss: $91,600. This is the price level at which the trader would exit the position to limit potential losses.
Target:
The analyst has identified a target area of $99,000. This is the price level they expect Bitcoin to reach in the near term.
Entry:
The entry point is marked at the current price of $94,000 This means the analyst suggests entering a long (buy) position at this level.
Important Considerations:
Stop Loss: The stop loss is placed at $91,600. This is a crucial risk management tool. If the price of Bitcoin drops to this level, the trade will be automatically closed to limit potential losses.
Resistance Zone: The resistance zone around $102,000 could act as a barrier to further upward movement.
Technical Analysis: This analysis is based on technical indicators and chart patterns. It's important to remember that technical analysis is not foolproof and market conditions can change rapidly.
kindly follow me support us with sharing our ideas with your frnds and family, keep supporting us we give our best thank you
check out my anaylsis on btcusd and also share your idea on this in comment section and don't forget to follow and boost
Key Points from the Chart:
Timeframe: 1-hour chart (1h)
Current Price: Approximately $94,000
Resistance Zone: Around $102,000
Target Area: $99,000
Entry Point: $94,000
Stop Loss: $91,600
Resistance Zone: Between roughly $102,000 and $104,000. This is an area where the price has previously struggled to break through.
Target Area: Around $99,000. This is the analyst's predicted price target.
Stop Loss: $91,600. This is the price level at which the trader would exit the position to limit potential losses.
Target:
The analyst has identified a target area of $99,000. This is the price level they expect Bitcoin to reach in the near term.
Entry:
The entry point is marked at the current price of $94,000 This means the analyst suggests entering a long (buy) position at this level.
Important Considerations:
Stop Loss: The stop loss is placed at $91,600. This is a crucial risk management tool. If the price of Bitcoin drops to this level, the trade will be automatically closed to limit potential losses.
Resistance Zone: The resistance zone around $102,000 could act as a barrier to further upward movement.
Technical Analysis: This analysis is based on technical indicators and chart patterns. It's important to remember that technical analysis is not foolproof and market conditions can change rapidly.
kindly follow me support us with sharing our ideas with your frnds and family, keep supporting us we give our best thank you
Trade closed: target reached
Hello thanks for your support and love, we still need more support and boost our ideas share with your friends, just eye on our updates share your opnions in comment section.
Join me On Telegram
t.me/+ljZOrmYoIKg2NTY0
t.me/+ljZOrmYoIKg2NTY0
Join me On Telegram
t.me/+ljZOrmYoIKg2NTY0
t.me/+ljZOrmYoIKg2NTY0
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.