This is a bullish trade setup for Bitcoin (BTC/USDT) on the 1-hour timeframe, published on TradingView.
Trade Setup Details:
Entry: Around 85,800 - 85,940 (Buy signal with an upward arrow)
Stop Loss (SL): ~84,931 (Marked in red)
Take Profit (TP): ~88,039 (Marked in blue)
Risk-to-Reward Ratio: Favorable (approximately 1:2 or better), meaning the upside potential outweighs the downside risk.
Key Observations:
1. Support Zone: BTC seems to be bouncing from a local support level around 85,800.
2. Potential Resistance: First major target at 88,000, a key psychological level.
3. Market Structure: If BTC holds above 85,800, it could signal bullish continuation toward 88,000.
Would you like further confirmation with indicators like RSI, MACD, or moving averages?
Trade Setup Details:
Entry: Around 85,800 - 85,940 (Buy signal with an upward arrow)
Stop Loss (SL): ~84,931 (Marked in red)
Take Profit (TP): ~88,039 (Marked in blue)
Risk-to-Reward Ratio: Favorable (approximately 1:2 or better), meaning the upside potential outweighs the downside risk.
Key Observations:
1. Support Zone: BTC seems to be bouncing from a local support level around 85,800.
2. Potential Resistance: First major target at 88,000, a key psychological level.
3. Market Structure: If BTC holds above 85,800, it could signal bullish continuation toward 88,000.
Would you like further confirmation with indicators like RSI, MACD, or moving averages?
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.
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.