SMC Trading point update
Technical(BTC/USDT) analysis outlines a bullish outlook with key technical levels and scenarios. Here's a breakdown of the idea:
Key Observations:
1. Trend Break and CHoCH (Change of Character):
The chart shows a clear break of the downtrend, confirmed by the CHoCH label — a common Smart Money Concept (SMC) signal indicating a potential trend reversal from bearish to bullish.
2. Key Zones Highlighted:
EVC-Buying Zone: Around 86,000 – 88,000 (aligned with EMA 200), marked as a strong accumulation area.
New Support Level: Around 92,000 – 93,000, potentially forming a bullish support after the recent rally.
Resistance Levels: Two major resistance zones near:
99,600 (intermediate resistance and target)
106,400 (final target)
3. RSI Indicator:
RSI is near 64, indicating strong momentum but not yet overbought — a potential sign of further upside.
4. Two Bullish Scenarios:
Scenario 1 (Aggressive Bullish): BTC continues upward from the current level and breaks above resistance toward the 106,447 target.
Scenario 2 (Retracement Bullish): BTC dips to the new support or even into the buying zone (86–88k), then rebounds to reach the same targets.
Mr SMC Trading point
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Idea Summary:
The chart suggests bullish continuation, with potential pullbacks into strong demand zones. It supports both breakout and retracement entries, with targets at 99,632 and 106,447. If price holds above EMA 200 and RSI remains supportive, the upside thesis remains valid.
Pales support boost 🚀 analysis follow)
Technical(BTC/USDT) analysis outlines a bullish outlook with key technical levels and scenarios. Here's a breakdown of the idea:
Key Observations:
1. Trend Break and CHoCH (Change of Character):
The chart shows a clear break of the downtrend, confirmed by the CHoCH label — a common Smart Money Concept (SMC) signal indicating a potential trend reversal from bearish to bullish.
2. Key Zones Highlighted:
EVC-Buying Zone: Around 86,000 – 88,000 (aligned with EMA 200), marked as a strong accumulation area.
New Support Level: Around 92,000 – 93,000, potentially forming a bullish support after the recent rally.
Resistance Levels: Two major resistance zones near:
99,600 (intermediate resistance and target)
106,400 (final target)
3. RSI Indicator:
RSI is near 64, indicating strong momentum but not yet overbought — a potential sign of further upside.
4. Two Bullish Scenarios:
Scenario 1 (Aggressive Bullish): BTC continues upward from the current level and breaks above resistance toward the 106,447 target.
Scenario 2 (Retracement Bullish): BTC dips to the new support or even into the buying zone (86–88k), then rebounds to reach the same targets.
Mr SMC Trading point
---
Idea Summary:
The chart suggests bullish continuation, with potential pullbacks into strong demand zones. It supports both breakout and retracement entries, with targets at 99,632 and 106,447. If price holds above EMA 200 and RSI remains supportive, the upside thesis remains valid.
Pales support boost 🚀 analysis follow)
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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.
(Services:✔️ JOIN Telegram channel
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
#Gold trading ★Analysis★ 📊
Gold trading signals 🚀 99%
t.me/SmcTradingPoin
Join my recommended broker , link 👇
World best broker exness ✅D
one.exnesstrack.org/a/l1t1rf3p6v
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.