1. Harmonic Pattern (Possibly a Gartley or Bat pattern):
The points labeled X, A, B, C, D form a harmonic pattern suggesting a potential reversal zone near point D.
This pattern typically signals a buy opportunity at the end of the correction (point D), expecting the price to move upward.
2. Support and Resistance Zones:
Resistance Zone (upper shaded box): Indicates a price range where BTC has faced selling pressure in the past.
Support Zone (lower shaded box): Shows where BTC has historically found buying interest.
3. Ascending Channel:
The price is shown to be trending upward in a channel after the harmonic pattern completion, suggesting bullish momentum.
4. Trade Setup:
Entry Level: Around $84,513 (current price level marked on the chart).
Target Zone: Approximately $88,124, indicated by the green box.
Stop-Loss Zone: Below the entry, marked in red (likely just under $83,000).
5. Chart Timestamp:
The current chart time is Sunday, April 13, 2025, 08:00 UTC.
Interpretation:
This chart suggests a bullish outlook for BTC/USD based on harmonic pattern completion and price action within the ascending channel.
The points labeled X, A, B, C, D form a harmonic pattern suggesting a potential reversal zone near point D.
This pattern typically signals a buy opportunity at the end of the correction (point D), expecting the price to move upward.
2. Support and Resistance Zones:
Resistance Zone (upper shaded box): Indicates a price range where BTC has faced selling pressure in the past.
Support Zone (lower shaded box): Shows where BTC has historically found buying interest.
3. Ascending Channel:
The price is shown to be trending upward in a channel after the harmonic pattern completion, suggesting bullish momentum.
4. Trade Setup:
Entry Level: Around $84,513 (current price level marked on the chart).
Target Zone: Approximately $88,124, indicated by the green box.
Stop-Loss Zone: Below the entry, marked in red (likely just under $83,000).
5. Chart Timestamp:
The current chart time is Sunday, April 13, 2025, 08:00 UTC.
Interpretation:
This chart suggests a bullish outlook for BTC/USD based on harmonic pattern completion and price action within the ascending channel.
t.me/+JvtzJ96BmqRhN2Jk
Free Education & Signal Daily
Focus on Gold/XAUUSD
5 years of Experience
Global Gold Trader
Sharp Entry & Sniper Entry
Free Education & Signal Daily
Focus on Gold/XAUUSD
5 years of Experience
Global Gold Trader
Sharp Entry & Sniper Entry
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.
t.me/+JvtzJ96BmqRhN2Jk
Free Education & Signal Daily
Focus on Gold/XAUUSD
5 years of Experience
Global Gold Trader
Sharp Entry & Sniper Entry
Free Education & Signal Daily
Focus on Gold/XAUUSD
5 years of Experience
Global Gold Trader
Sharp Entry & Sniper Entry
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.