BTCUSD 1HOUR CHART TECHNICAL ANALYSIS CHECK CAPTAIN
This chart represents Bitcoin (BTC/USD) on the 1-hour timeframe from Coinbase, published on TradingView. Here’s what it indicates:
1. Elliott Wave Count – The red numbers (1-5) show a five-wave structure, likely following Elliott Wave Theory, which suggests an impulsive move.
2. Order Block (OB) – Marked at the top around $100,000, indicating a potential area of supply or resistance.
3. Market Structure Shift (MSS) – Signals a change in trend direction, possibly marking the beginning of a downtrend.
4. Fair Value Gaps (FVG) – Highlighted zones where price moved rapidly, potentially acting as areas for price retracement or continuation.
5. Liquidity Zones – "Buyside liquidity" (above) and "Sellside liquidity" (below) indicate areas where stop losses or pending orders may be clustered.
It looks like BTC formed a five-wave impulse up, hit resistance (OB), then shifted bearish with a strong correction. Now, price is attempting to recover from a demand zone.
Would you like help analyzing possible trade setups from this?
1. Elliott Wave Count – The red numbers (1-5) show a five-wave structure, likely following Elliott Wave Theory, which suggests an impulsive move.
2. Order Block (OB) – Marked at the top around $100,000, indicating a potential area of supply or resistance.
3. Market Structure Shift (MSS) – Signals a change in trend direction, possibly marking the beginning of a downtrend.
4. Fair Value Gaps (FVG) – Highlighted zones where price moved rapidly, potentially acting as areas for price retracement or continuation.
5. Liquidity Zones – "Buyside liquidity" (above) and "Sellside liquidity" (below) indicate areas where stop losses or pending orders may be clustered.
It looks like BTC formed a five-wave impulse up, hit resistance (OB), then shifted bearish with a strong correction. Now, price is attempting to recover from a demand zone.
Would you like help analyzing possible trade setups from this?
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.