بتكوينتم تحديثه BTC: Wait and see how weekly candle close this month
The overall trend appears to be upward, with a significant uptrend from early 2023 onwards.
The price is currently retracing from its recent highs around $73,794, consolidating around the $60,000 level.
Support: There is a notable support zone around $41,110, which was previously a resistance level and has been tested multiple times.
Resistance: The recent high around $73,794 is a significant resistance level.
Volume Profile:
There is a high volume node (point of control) around the $60,000 level, indicating a lot of trading activity and interest at this price level. This often acts as strong support/resistance.
Candlestick Patterns:
Recent weekly candles show indecision and potential bearish reversal patterns, such as doji and bearish engulfing, which suggest caution.
Conclusion and Entry Strategy
Current Price: Around $60,000
Support Zone: $41,110
Resistance Zone: $73,794
Volume Profile Level (POC): Around $60,000
Entry Strategy:
Short-term Entry:
If you are looking for a short-term trade, waiting for a confirmation of support around the $60,000 level could be prudent. Look for bullish candlestick patterns or a bullish crossover in the MACD on a shorter timeframe (daily or 4-hour chart) to enter.
Long-term Entry:
For a longer-term position, entering around the current levels ($60,000) could be considered, especially if the price maintains above the moving average support.
Alternatively, a more conservative approach would be to wait for a pullback to the $41,110 support level, which offers a better risk-reward ratio.
Stop Loss and Targets:
Stop Loss: For short-term trades, a stop loss slightly below the $60,000 level (e.g., $58,000) could be set. For long-term trades, consider a stop loss below the $41,110 support level (e.g., $39,000).
Targets: Initial target could be the recent high of $73,794. Further targets could be based on Fibonacci extensions or historical resistance levels.
The price is currently retracing from its recent highs around $73,794, consolidating around the $60,000 level.
Support: There is a notable support zone around $41,110, which was previously a resistance level and has been tested multiple times.
Resistance: The recent high around $73,794 is a significant resistance level.
Volume Profile:
There is a high volume node (point of control) around the $60,000 level, indicating a lot of trading activity and interest at this price level. This often acts as strong support/resistance.
Candlestick Patterns:
Recent weekly candles show indecision and potential bearish reversal patterns, such as doji and bearish engulfing, which suggest caution.
Conclusion and Entry Strategy
Current Price: Around $60,000
Support Zone: $41,110
Resistance Zone: $73,794
Volume Profile Level (POC): Around $60,000
Entry Strategy:
Short-term Entry:
If you are looking for a short-term trade, waiting for a confirmation of support around the $60,000 level could be prudent. Look for bullish candlestick patterns or a bullish crossover in the MACD on a shorter timeframe (daily or 4-hour chart) to enter.
Long-term Entry:
For a longer-term position, entering around the current levels ($60,000) could be considered, especially if the price maintains above the moving average support.
Alternatively, a more conservative approach would be to wait for a pullback to the $41,110 support level, which offers a better risk-reward ratio.
Stop Loss and Targets:
Stop Loss: For short-term trades, a stop loss slightly below the $60,000 level (e.g., $58,000) could be set. For long-term trades, consider a stop loss below the $41,110 support level (e.g., $39,000).
Targets: Initial target could be the recent high of $73,794. Further targets could be based on Fibonacci extensions or historical resistance levels.
ملاحظة
63k or 55k. Let see how it plays out this Sunday.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.