Bitcoin
Long

Bitcoin (BTC/USD) Trade Setup & Analysis

238
๐Ÿ”น Trend Analysis:
๐Ÿ“‰ The chart shows a downtrend followed by a reversal attempt.
๐Ÿ“ˆ The price bounced off a support zone and is moving upwards.

๐Ÿ”น Indicators:
๐Ÿ“Š The 9-period DEMA (83,805.38) is slightly above the current price, acting as a resistance level.

๐Ÿ”น Trade Setup:
๐ŸŸข Entry Zone: Around 82,943 (Current Price)
๐Ÿ”ด Stop-Loss: 81,183.22 โŒ (Below support level)
๐ŸŽฏ Target Point: 85,563.52 โœ… (Upper resistance level)

๐Ÿ”ต Strategy: The trade anticipates a price dip before

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.