The chart I’ve provided for BTC/USD (Bitcoin) on the 4H timeframe:
---
## 🔹 *Chart Tools Used:*
### 1. *Trend Channel:*
* A well-defined *ascending channel* (parallel red lines) showing bullish market structure.
* Price is moving within this channel, respecting upper and lower bounds.
### 2. *POI (Point of Interest):*
* Two *POI (target) levels* are marked with dashed blue lines:
* Around *103,457* (first target zone).
* Around *109,789* (second target zone).
### 3. *FVG (Fair Value Gap):*
* Highlighted *yellow box* near *96,000 - 94,000*.
* This is an imbalance area where price might react or fill the gap.
### 4. *Support Zone:*
* *Blue demand/support zones* around *92,000 - 94,000*.
* Shows historical demand/consolidation.
### 5. *Consolidation Area:*
* Marked in green, where price previously ranged sideways before breakout.
### 6. *CHOCH (Change of Character):*
* Marked at the initial breakout, indicating a shift from bearish to bullish structure.
### 7. *Projection Arrows:*
* *Blue upward arrow:* Indicates bullish continuation after possible minor retracement.
* Small *W-shaped corrective move* drawn, suggesting a small pullback before bullish continuation.
---
## 🔹 *Target Clarification:*
* *Primary Target (POI 1):* 103,457 — Likely to be the next major resistance/target.
* *Secondary Target (POI 2):* 109,789 — Ultimate bullish target in the current projection.
* The analysis expects a bullish continuation within the ascending channel toward these POI levels.
---
## 🔹 *Summary View:*
* Market is bullish with a strong uptrend channel.
* After minor retracements (FVG reaction possible), price is projected to rise towards *103,457 first, then possibly **109,789*.
* Structure supports continuation unless the channel breaks down.
---
Would you like me to also provide a *buy entry & stop-loss idea based on this chart setup?*
Reply with "Yes BTC setup" if you'd like.
---
## 🔹 *Chart Tools Used:*
### 1. *Trend Channel:*
* A well-defined *ascending channel* (parallel red lines) showing bullish market structure.
* Price is moving within this channel, respecting upper and lower bounds.
### 2. *POI (Point of Interest):*
* Two *POI (target) levels* are marked with dashed blue lines:
* Around *103,457* (first target zone).
* Around *109,789* (second target zone).
### 3. *FVG (Fair Value Gap):*
* Highlighted *yellow box* near *96,000 - 94,000*.
* This is an imbalance area where price might react or fill the gap.
### 4. *Support Zone:*
* *Blue demand/support zones* around *92,000 - 94,000*.
* Shows historical demand/consolidation.
### 5. *Consolidation Area:*
* Marked in green, where price previously ranged sideways before breakout.
### 6. *CHOCH (Change of Character):*
* Marked at the initial breakout, indicating a shift from bearish to bullish structure.
### 7. *Projection Arrows:*
* *Blue upward arrow:* Indicates bullish continuation after possible minor retracement.
* Small *W-shaped corrective move* drawn, suggesting a small pullback before bullish continuation.
---
## 🔹 *Target Clarification:*
* *Primary Target (POI 1):* 103,457 — Likely to be the next major resistance/target.
* *Secondary Target (POI 2):* 109,789 — Ultimate bullish target in the current projection.
* The analysis expects a bullish continuation within the ascending channel toward these POI levels.
---
## 🔹 *Summary View:*
* Market is bullish with a strong uptrend channel.
* After minor retracements (FVG reaction possible), price is projected to rise towards *103,457 first, then possibly **109,789*.
* Structure supports continuation unless the channel breaks down.
---
Would you like me to also provide a *buy entry & stop-loss idea based on this chart setup?*
Reply with "Yes BTC setup" if you'd like.
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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/Sharp_Entry_Trader "Explore daily insights: 4/5 signals meticulously analyzed, ensuring an impressive 99% accuracy in forex & crypto trades t.me/Sharp_Entry_Trader
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.