BTC/USD: 3 Target Draft - Potential Upside Levels
This chart outlines a potential bullish scenario for BTC/USD, highlighting three key upside targets based on the current market structure and trend analysis.
Key Observations:
Established Trend: The chart indicates an existing upward trajectory, with price action respecting key trendlines.
Time Horizon: A notable period of 75 bars (525 days) is highlighted, suggesting a longer-term perspective for these targets.
Volume Confirmation: The presence of "Vol 4.51M" suggests significant trading activity accompanying the observed price movements.
Potential Price Targets:
Based on the current analysis, the following three price levels are identified as potential areas of interest or resistance:
Target 1: $123,025.80
Target 2: $172,863.15
Target 3: $205,718.89
These levels appear to be derived from extensions or key points intersected by the drawn trendlines.
Considerations:
This is a draft idea and should be used in conjunction with your own research and risk management strategies.
Market conditions can change rapidly, and these targets may be invalidated by future price action.
Keep an eye on volume and price action as BTC/USD approaches these levels for potential confirmation or rejection.
This chart outlines a potential bullish scenario for BTC/USD, highlighting three key upside targets based on the current market structure and trend analysis.
Key Observations:
Established Trend: The chart indicates an existing upward trajectory, with price action respecting key trendlines.
Time Horizon: A notable period of 75 bars (525 days) is highlighted, suggesting a longer-term perspective for these targets.
Volume Confirmation: The presence of "Vol 4.51M" suggests significant trading activity accompanying the observed price movements.
Potential Price Targets:
Based on the current analysis, the following three price levels are identified as potential areas of interest or resistance:
Target 1: $123,025.80
Target 2: $172,863.15
Target 3: $205,718.89
These levels appear to be derived from extensions or key points intersected by the drawn trendlines.
Considerations:
This is a draft idea and should be used in conjunction with your own research and risk management strategies.
Market conditions can change rapidly, and these targets may be invalidated by future price action.
Keep an eye on volume and price action as BTC/USD approaches these levels for potential confirmation or rejection.
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.