BitcoinLong
BTC LONG 25/12/24 - SHORT TERM VIEW
This is a Bitcoin price chart with two potential upward price movement patterns marked.
Here’s a summary:
Current Price Level: The chart indicates Bitcoin is trading near $98,640, with resistance and support levels clearly marked.
First Pattern (Bullish Move): A potential price breakout towards the $102,650 level, continuing to the $105,230 level, following a bullish trend.
Second Pattern (Pullback and Recovery): A potential pullback near $95,770- 96,370 before rebounding and breaking higher to the same levels as the first pattern.
Key Levels:
Resistance Levels: $100,640, $102,640, and $105,230.
Support Levels: $96,370 and $95,770.
Structural Stop-Loss Level: $93,500 for all long trades, as indicated by the "VIEW FAILURE" note.
Technical Indicators:
The chart displays moving averages 10 & 20, showing convergence near the current price, which may indicate the possibility of a trend continuation.
This suggests a focus on potential upward movements while managing downside risk with a clear stop-loss level.
This is my view - Trade at your own risk !
Here’s a summary:
Current Price Level: The chart indicates Bitcoin is trading near $98,640, with resistance and support levels clearly marked.
First Pattern (Bullish Move): A potential price breakout towards the $102,650 level, continuing to the $105,230 level, following a bullish trend.
Second Pattern (Pullback and Recovery): A potential pullback near $95,770- 96,370 before rebounding and breaking higher to the same levels as the first pattern.
Key Levels:
Resistance Levels: $100,640, $102,640, and $105,230.
Support Levels: $96,370 and $95,770.
Structural Stop-Loss Level: $93,500 for all long trades, as indicated by the "VIEW FAILURE" note.
Technical Indicators:
The chart displays moving averages 10 & 20, showing convergence near the current price, which may indicate the possibility of a trend continuation.
This suggests a focus on potential upward movements while managing downside risk with a clear stop-loss level.
This is my view - Trade at your own risk !
Disclaimer
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