This BTC/USD 4-hour chart shows a clear technical analysis setup:
Key Elements Identified:
1. Consolidation Zones (Blue Boxes):
These mark periods of sideways price action (range-bound).
Followed by breakouts to the upside.
2. Descending Channel (Orange Lines):
The chart shows a corrective structure where price moved down within parallel lines.
Price eventually broke out upward from this channel — a bullish signal.
3. Reversal Pattern (W-Shaped):
Within the descending channel, a "W" or double bottom reversal pattern formed, confirming trend reversal after breakout.
4. Current Setup:
Price is in an upward move.
A potential bullish retracement (indicated by the green arrow) is expected toward a support level near 106,606.71.
The projected continuation targets a take-profit level near 109,126.90.
Interpretation:
This is a bullish continuation setup.
The chart suggests:
Buy near 106,606.71 (support).
Target near 109,126.90 (resistance).
The strategy anticipates a bounce from support and continuation toward resistance.
Would you like a trading plan (entry, stop loss, target) based on this setup?
Key Elements Identified:
1. Consolidation Zones (Blue Boxes):
These mark periods of sideways price action (range-bound).
Followed by breakouts to the upside.
2. Descending Channel (Orange Lines):
The chart shows a corrective structure where price moved down within parallel lines.
Price eventually broke out upward from this channel — a bullish signal.
3. Reversal Pattern (W-Shaped):
Within the descending channel, a "W" or double bottom reversal pattern formed, confirming trend reversal after breakout.
4. Current Setup:
Price is in an upward move.
A potential bullish retracement (indicated by the green arrow) is expected toward a support level near 106,606.71.
The projected continuation targets a take-profit level near 109,126.90.
Interpretation:
This is a bullish continuation setup.
The chart suggests:
Buy near 106,606.71 (support).
Target near 109,126.90 (resistance).
The strategy anticipates a bounce from support and continuation toward resistance.
Would you like a trading plan (entry, stop loss, target) based on this setup?
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。