BitcoinLong
Bullish Breakout or Critical Support Break? Key Levels & Strateg
BTC/USD 3-Day Chart Analysis
- Key Levels
Critical Support:
$100,000: Psychological level and prior swing low. A breakdown here targets $90,000 (lower wedge trendline).
Short-Term Resistance:
$110,000: 61.8% Fibonacci retracement of the wedge’s upward move.
$130,000: All-time high (ATH) and measured move target.
Technical Indicators
*Volume: Confirm bullish entries with volume spikes > 30% above average.
*RSI: Watch for 50–70 (neutral to overbought). A dip below 50 signals weakness.
*MACD: Bullish crossover above zero line confirms momentum.
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Trading Strategy
Scenario : Bullish Reversal
Entry: Long on a bullish engulfing candle above $105,000.
Stop-Loss: $100,000 (below support).
Take-Profit:
TP1: $110,000 (61.8% Fib).
TP2: $130,000 (ATH).
**************************************************
Advanced Risk Management :
Position Sizing: Use 1–2% of capital per trade +
Dynamic Stop: Trail stops using ATR (14-period) for volatility adjustments +
News Catalysts: Monitor for Fed rate decisions or regulatory updates (e.g., ETF approvals) #
- Key Levels
Critical Support:
$100,000: Psychological level and prior swing low. A breakdown here targets $90,000 (lower wedge trendline).
Short-Term Resistance:
$110,000: 61.8% Fibonacci retracement of the wedge’s upward move.
$130,000: All-time high (ATH) and measured move target.
Technical Indicators
*Volume: Confirm bullish entries with volume spikes > 30% above average.
*RSI: Watch for 50–70 (neutral to overbought). A dip below 50 signals weakness.
*MACD: Bullish crossover above zero line confirms momentum.
--------------------------------------------------------
Trading Strategy
Scenario : Bullish Reversal
Entry: Long on a bullish engulfing candle above $105,000.
Stop-Loss: $100,000 (below support).
Take-Profit:
TP1: $110,000 (61.8% Fib).
TP2: $130,000 (ATH).
**************************************************
Advanced Risk Management :
Position Sizing: Use 1–2% of capital per trade +
Dynamic Stop: Trail stops using ATR (14-period) for volatility adjustments +
News Catalysts: Monitor for Fed rate decisions or regulatory updates (e.g., ETF approvals) #
Related publications
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.
Related publications
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.