BTC/XAU 4-Hour Chart Analysis
1. Entry Zone
Entry Point: The chart shows a potential buy entry zone marked in blue, situated around the $31,000 to $31,300 price range.
This zone is just after a breakout from a falling trendline, indicating bullish momentum.
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2. Target Points
There are three target zones clearly marked:
✅ Target Point 1 (Green Line): Approx. $32,000
✅ Target Point 2 (Light Blue): Approx. $32,800
✅ Target Point 3 (Green Line, furthest): Approx. $34,000
These levels are based on previous resistance levels and volume profile analysis, shown by the price action clustering in those areas.
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3. Stop Loss
🚫 Stop Loss Zone (Red Box): Positioned slightly below the entry zone, around $30,800 or lower.
This placement limits downside risk while staying below the most recent consolidation structure.
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4. Trade Setup
Pattern: This setup is based on a falling wedge breakout (noted in the chart in red text).
The breakout above the descending trendline suggests a shift in momentum.
The volume profile on the right helps confirm potential resistance and support areas.
A large black arrow visually emphasizes the expected upward price move.
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5. Risk-Reward Ratio
🔍 The trade offers a favorable risk-to-reward ratio, approximately 1:3 or better, depending on the exit point:
Risking ~$500 (entry to stop loss)
Potential reward up to ~$3,000 (entry to target 3)
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6. Technical Analysis Summary
✅ Bullish Chart Pattern: Falling wedge (reversal pattern)
✅ Breakout Confirmation: Price closes above wedge with supportive volume
✅ Volume Analysis: Volume increasing near breakout zone confirms interest
✅ Support/Resistance Zones: Clearly marked with color-coded bands
✅ Ichimoku Cloud: Price is attempting to break above the cloud, which would further confirm bullish momentum
1. Entry Zone
Entry Point: The chart shows a potential buy entry zone marked in blue, situated around the $31,000 to $31,300 price range.
This zone is just after a breakout from a falling trendline, indicating bullish momentum.
---
2. Target Points
There are three target zones clearly marked:
✅ Target Point 1 (Green Line): Approx. $32,000
✅ Target Point 2 (Light Blue): Approx. $32,800
✅ Target Point 3 (Green Line, furthest): Approx. $34,000
These levels are based on previous resistance levels and volume profile analysis, shown by the price action clustering in those areas.
---
3. Stop Loss
🚫 Stop Loss Zone (Red Box): Positioned slightly below the entry zone, around $30,800 or lower.
This placement limits downside risk while staying below the most recent consolidation structure.
---
4. Trade Setup
Pattern: This setup is based on a falling wedge breakout (noted in the chart in red text).
The breakout above the descending trendline suggests a shift in momentum.
The volume profile on the right helps confirm potential resistance and support areas.
A large black arrow visually emphasizes the expected upward price move.
---
5. Risk-Reward Ratio
🔍 The trade offers a favorable risk-to-reward ratio, approximately 1:3 or better, depending on the exit point:
Risking ~$500 (entry to stop loss)
Potential reward up to ~$3,000 (entry to target 3)
---
6. Technical Analysis Summary
✅ Bullish Chart Pattern: Falling wedge (reversal pattern)
✅ Breakout Confirmation: Price closes above wedge with supportive volume
✅ Volume Analysis: Volume increasing near breakout zone confirms interest
✅ Support/Resistance Zones: Clearly marked with color-coded bands
✅ Ichimoku Cloud: Price is attempting to break above the cloud, which would further confirm bullish momentum
t.me/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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/Smart_Money_Flow_SMF
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
Forex, Gold & crypto Signals with detailed Analysis .
t.me/Smart_Money_Flow_SMF
Gold Signals With proper TP & SL
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.