BTCUSD Analysis is ready to fly
This is a technical analysis of the BTC/USD (Bitcoin/US Dollar) market on the 4-hour timeframe, using Heikin Ashi candles. Below is a description of the chart analysis:
1. Trend and Pattern:
A bullish ascending channel is identified with price consistently moving higher within the blue boundaries.
A cup and handle pattern (yellow) suggests potential bullish momentum after a consolidation phase.
2. Key Levels:
Resistance Zones: Highlighted in purple at 104,008, 106,918, and 110,616, indicating potential target levels for upward movement.
Support Zone: Marked with a red "Stop Loss" level below the current price at approximately 96,000, acting as a risk management level.
3. Price Action:
The price has broken out of the consolidation zone and is now testing higher resistance levels.
Potential breakout scenarios are drawn, showing a pathway for price movement toward the upper resistance levels.
4. Targets:
First Target: 104,008.
Second Target: 106,918.
Final Target: 110,616.
5. Risk Management:
A stop-loss level is set below the previous swing low, ensuring a safety net if the price reverses
1. Trend and Pattern:
A bullish ascending channel is identified with price consistently moving higher within the blue boundaries.
A cup and handle pattern (yellow) suggests potential bullish momentum after a consolidation phase.
2. Key Levels:
Resistance Zones: Highlighted in purple at 104,008, 106,918, and 110,616, indicating potential target levels for upward movement.
Support Zone: Marked with a red "Stop Loss" level below the current price at approximately 96,000, acting as a risk management level.
3. Price Action:
The price has broken out of the consolidation zone and is now testing higher resistance levels.
Potential breakout scenarios are drawn, showing a pathway for price movement toward the upper resistance levels.
4. Targets:
First Target: 104,008.
Second Target: 106,918.
Final Target: 110,616.
5. Risk Management:
A stop-loss level is set below the previous swing low, ensuring a safety net if the price reverses
Trade aktif
Hold
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.