This chart is a Bitcoin (BTC/USD) 1-hour technical analysis
Key Elements of the Chart
1. Entry, Stop Loss, and Take Profit Zones
Entry Zone: Around $118,488 – $118,638
This is the ideal area to initiate a short trade.
Stop Loss Point: Around $119,271
If price breaks above this level, trade setup is invalid.
Take Profit Target: Initially near $117,326, then possibly to $116,495
2. Bearish Signals
Sell-Side Downtrend Area:
Price is approaching the upper trendline which has previously rejected price.
Bearish Pattern:
Potential Head and Shoulders / M-formation forming.
Price failed to break above the trendline and is rolling over.
3. Zones to Watch
Zone Description
Supply Area Support Zone Around $116,495 — major support zone where price may bounce.
Demanding Area Range Between $117,300 – $117,600 — minor support zone (first TP target).
Sell Side Downtrend Area
Key Elements of the Chart
1. Entry, Stop Loss, and Take Profit Zones
Entry Zone: Around $118,488 – $118,638
This is the ideal area to initiate a short trade.
Stop Loss Point: Around $119,271
If price breaks above this level, trade setup is invalid.
Take Profit Target: Initially near $117,326, then possibly to $116,495
2. Bearish Signals
Sell-Side Downtrend Area:
Price is approaching the upper trendline which has previously rejected price.
Bearish Pattern:
Potential Head and Shoulders / M-formation forming.
Price failed to break above the trendline and is rolling over.
3. Zones to Watch
Zone Description
Supply Area Support Zone Around $116,495 — major support zone where price may bounce.
Demanding Area Range Between $117,300 – $117,600 — minor support zone (first TP target).
Sell Side Downtrend Area
Best Analysis xauusd single
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VIP PREMIMUM ANALYSIS ROOM SIGNALS
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t.me/+uAIef7IqwSs4M2Q0
VIP PREMIMUM ANALYSIS ROOM SIGNALS
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Disclaimer
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Best Analysis xauusd single
t.me/+uAIef7IqwSs4M2Q0
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+uAIef7IqwSs4M2Q0
t.me/+uAIef7IqwSs4M2Q0
VIP PREMIMUM ANALYSIS ROOM SIGNALS
t.me/+uAIef7IqwSs4M2Q0
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.