This BTC/USD 1-hour chart shows a rounded bottom reversal pattern, followed by a breakout signal. Here's a breakdown of the technical setup:
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🟢 Chart Pattern Overview
Pattern Type: Rounded Bottom (accumulation phase)
Key Support Zone: Around $102,900 (highlighted by yellow horizontal line)
Breakout Confirmation: Price broke above descending resistance (black trendline), forming a new trend support (orange line).
Fibonacci Arcs: Used to map out support/resistance during the reversal — important retracement levels are marked (0.786, 0.618, 0.5, 0.236).
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📈 Trade Setup
Entry Zone: Around $102,900–$103,000 (current level)
Stop Loss: Below $101,550 (red zone)
Take Profit: Around $106,060 (blue box target)
Risk/Reward Ratio: Favorable (approx. 2:1 or higher)
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🔍 Key Signals
✅ Breakout from downward sloping resistance line
✅ Formation of higher lows
✅ Potential for trend continuation with new support established
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📊 Strategy Suggestion
If you're considering a trade:
Long Entry: On confirmation of the breakout with volume
SL: Tight stop just below the new support ($101,550)
TP: Near resistance around $106,000 (next supply zone)
---
🟢 Chart Pattern Overview
Pattern Type: Rounded Bottom (accumulation phase)
Key Support Zone: Around $102,900 (highlighted by yellow horizontal line)
Breakout Confirmation: Price broke above descending resistance (black trendline), forming a new trend support (orange line).
Fibonacci Arcs: Used to map out support/resistance during the reversal — important retracement levels are marked (0.786, 0.618, 0.5, 0.236).
---
📈 Trade Setup
Entry Zone: Around $102,900–$103,000 (current level)
Stop Loss: Below $101,550 (red zone)
Take Profit: Around $106,060 (blue box target)
Risk/Reward Ratio: Favorable (approx. 2:1 or higher)
---
🔍 Key Signals
✅ Breakout from downward sloping resistance line
✅ Formation of higher lows
✅ Potential for trend continuation with new support established
---
📊 Strategy Suggestion
If you're considering a trade:
Long Entry: On confirmation of the breakout with volume
SL: Tight stop just below the new support ($101,550)
TP: Near resistance around $106,000 (next supply zone)
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ACTVE TRADE
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.