hello guys!
I've published the perspective of
BTCUSD :
now let's dive into a short time frame:
Current Price: $69,781
Chart Overview:
- Resistance Levels:
- Immediate resistance at $73,612.
- Next target at $77,604.
Trend Analysis:
- Bullish Trend: Bitcoin is in a clear uptrend, trading within a widening wedge pattern.
- Corrections: Two minor correction areas are identified:
1. Around $70,000.
2. Near $73,000-$73,612.
Price Patterns:
- Widening Wedge: Indicates increasing volatility with higher highs and higher lows.
- Potential Breakout: Price action suggests a bullish breakout toward $73,612 and potentially $77,604 after minor corrections.
Key Observations:
- Support Levels: The support from the widening wedge pattern is holding strong, providing a solid foundation for further gains.
- Minor Corrections: Expected corrections around $70,000 and $73,000 should provide re-entry opportunities for traders.
Conclusion:
- Bullish Continuation: The overall trend is bullish with a high likelihood of reaching $77,604.
- Trading Strategy: Consider buying on dips near $70,000 and $73,000, targeting $73,612 and $77,604.
Actionable Insights:
- Monitor for corrections around $70,000 and $73,000 for potential buying opportunities.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
I've published the perspective of
BTCUSD :now let's dive into a short time frame:
Current Price: $69,781
Chart Overview:
- Resistance Levels:
- Immediate resistance at $73,612.
- Next target at $77,604.
Trend Analysis:
- Bullish Trend: Bitcoin is in a clear uptrend, trading within a widening wedge pattern.
- Corrections: Two minor correction areas are identified:
1. Around $70,000.
2. Near $73,000-$73,612.
Price Patterns:
- Widening Wedge: Indicates increasing volatility with higher highs and higher lows.
- Potential Breakout: Price action suggests a bullish breakout toward $73,612 and potentially $77,604 after minor corrections.
Key Observations:
- Support Levels: The support from the widening wedge pattern is holding strong, providing a solid foundation for further gains.
- Minor Corrections: Expected corrections around $70,000 and $73,000 should provide re-entry opportunities for traders.
Conclusion:
- Bullish Continuation: The overall trend is bullish with a high likelihood of reaching $77,604.
- Trading Strategy: Consider buying on dips near $70,000 and $73,000, targeting $73,612 and $77,604.
Actionable Insights:
- Monitor for corrections around $70,000 and $73,000 for potential buying opportunities.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Ghi chú
hello again!this analysis was failed!
I think after forming a double top, these could be the next moves!
Ghi chú
the short area level touched!📈if you are a risk appetizer, you can get a long position now!
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avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
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🔴 Forex channel: t.me/melikatrader94GoldForex
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.