BTCUSDT Expert Price Action Buy/Sell Strategies!
BTCUSDT ALEXGOLDHUNTER Chart Analysis: Bitcoin (BTC) vs Tether (USDT) on Binance (1-Hour Timeframe)
Key Levels and Zones
Strong High: Around 96,570 USDT
Swing High: Around 95,596 USDT
Swing Low: Around 94,400 USDT
Order Block (OB): Around 97,340 USDT
Break of Structure (BOS): Indicates potential reversal or continuation
Change of Character (CHoCH): Indicates trend reversal
Fibonacci Retracement Levels
0.786: 96,570.2239 USDT
0.705: 92,474.48075 USDT
0.618: 95,596.8307 USDT
0.5: 95,225.995 USDT
0.382: 95,095.1593 USDT
Buy Strategy
Entry Point:
Look for a bullish reversal pattern or strong bullish candle near the support level around 94,400 USDT or the 0.382 Fibonacci level at 95,095.1593 USDT.
Confirm the trend reversal with a Change of Character (CHoCH).
Stop Loss:
Place a stop loss below the recent swing low at 94,400 USDT to minimize risk.
Take Profit:
First target at the 0.618 Fibonacci level at 95,596.8307 USDT.
Second target at the strong high around 96,570 USDT.
Final target at the order block (OB) around 97,340 USDT.
VIP Signal Format (lowercase)
entry: 94,400 USDT tp1: 95,596.8307 USDT tp2: 96,570 USDT sl: 94,000 USDT
Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a professional financial advisor before making any trading decisions.
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Disclaimer
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Alex Gold Hunter
Free Signals & analysis
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bit.ly/3ODlUI4
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
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.