This chart shows a Bitcoin (BTC/USDT) 1-hour analysis with a potential short setup, using Ichimoku Cloud for context and a support/resistance strategy. Here's the breakdown:
🔍 Chart Summary:
Current Price: ~$105,955
Resistance Zone (labeled "Support Line"): Just under $107,000 — acting as strong resistance here.
Setup: Price has hit resistance and is expected to reject down.
---
🔻 Sell (Short) Setup:
Entry Zone: Around $106,000–$106,800 (just below resistance).
Target 1: $105,613
Target 2: $104,499
Target 3 (Final Target): $102,791
---
📊 Indicators:
Ichimoku Cloud: Price is currently above the cloud, indicating a bullish trend, but the rejection at resistance could trigger a pullback.
If price fails to break above resistance, the short setup becomes valid.
---
🧠 Strategy Tip:
Watch closely for bearish reversal signals (e.g., bearish engulfing candle, RSI divergence) near $106,800–$107,000 before entering a short.
Stop-loss: Just above resistance (~$107,200).
Would you like a buy setup scenario too in case price breaks above resistance?
🔍 Chart Summary:
Current Price: ~$105,955
Resistance Zone (labeled "Support Line"): Just under $107,000 — acting as strong resistance here.
Setup: Price has hit resistance and is expected to reject down.
---
🔻 Sell (Short) Setup:
Entry Zone: Around $106,000–$106,800 (just below resistance).
Target 1: $105,613
Target 2: $104,499
Target 3 (Final Target): $102,791
---
📊 Indicators:
Ichimoku Cloud: Price is currently above the cloud, indicating a bullish trend, but the rejection at resistance could trigger a pullback.
If price fails to break above resistance, the short setup becomes valid.
---
🧠 Strategy Tip:
Watch closely for bearish reversal signals (e.g., bearish engulfing candle, RSI divergence) near $106,800–$107,000 before entering a short.
Stop-loss: Just above resistance (~$107,200).
Would you like a buy setup scenario too in case price breaks above resistance?
Note
400 pips done
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Forex Gold & Crypto Signals with
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Gold Signals with peoper TP & SL for
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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.
Join telegram free...
t.me/+16bIVCNBo0MzYzk0
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/+16bIVCNBo0MzYzk0
t.me/+16bIVCNBo0MzYzk0
Forex Gold & Crypto Signals with
detailed analysis & get consistent |
result ...
Gold Signals with peoper TP & SL for
high profit ...
t.me/+16bIVCNBo0MzYzk0
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.