BTCUSD BTCUSD has been in a bullish trend over the past few hours and is now approaching the resistance at 119,500.00.
On the hourly chart, a bearish hammer has formed alongside a stochastic divergence, signaling potential downside.
⚡ This signal is reinforced by a strong resistance level above, adding weight to a possible pullback scenario.
📉 If BTCUSD rebounds from this level, consider Sell setups with take profit at the nearest support.
📈 If it breaks out, look for Buy opportunities on confirmation.
⚡ We use Stoch (14) to spot potential reversals when it exits overbought or oversold zones — helping you catch clear, confident entries.
Trade closed: target reached
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Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel:
t.me/elibrianalytics
Telegram Channel:
t.me/elibrianalytics
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.