BTCUSD ********* ⏳1Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational
—————-❇️——————- Detailed analysis 💬
1️⃣ 20000.00 Acted as strong resistance-Key psychological level 2️⃣ Rising parallel channel pattern 3️⃣ positive risk sentiment, Vaccine news 4️⃣ 19000.00 Dynamic support and resistance 5️⃣ Strong demand for crypto's (Ripple,Tether,Etherium etc.,) 6️⃣ 50% Fibonacci around 18700.00 7️⃣ Technical support - short term bearish 8️⃣ 0.50000 will acted as key reversal-Bullish 9️⃣ All time high-Immediate resistance-Alternative bearish entry 🔟 Series of parabolic moves #️⃣ Overall trend- bullish
—————-❇️——————-
📉 Technical bias-H4-Bearish
Price is below 50,100,200 Exponential moving average 50&200 50&100 Exponential moving average golden cross Ichimoku cloud -cloud is still green-Middle line supports bullish trend Bollinger band- Price reached around the lower band-Short term bullish correction towards middle band was expected Relative strength index - Reached around 50 - Dynamic support MACD -Turned red and felled below the signal line, Oscillators pointing downward Stochastic - Reached around 30- oversold condition will give a short term pull back expected
—————-✳️——————-
Key reversal area's
19000.00 psychological level 19200.00 Point of control area Volume analysis 19900.00 All time high 18700.00 50% Fibonacci retracement level 20000.00 Major resistance level 19900.00 Possible entry- Bear 17700.00 Reversal area/Bullish engulfing
—————-✳️——————-
Bearish entry #bitcoin #btcusd
Entry price - 19000.00
Take profit 01 - 19800.00 Take profit 02 - 20400.00
🚫 Stop lose 18720.00
⬇️ 7.37% Drop expected ⤴️ Account growth 1.47: 7.37 ✅ Risk reward ratio 1 : 5
—————-⚜️——————-
Push the like button , And cheer up if you found useful
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.