BTCUSD
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β³1Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ 20000.00 Acted as strong resistance-Key psychological level
2οΈβ£ Rising parallel channel pattern
3οΈβ£ positive risk sentiment, Vaccine news
4οΈβ£ 19000.00 Dynamic support and resistance
5οΈβ£ Strong demand for crypto's (Ripple,Tether,Etherium etc.,)
6οΈβ£ 50% Fibonacci around 18700.00
7οΈβ£ Technical support - short term bearish
8οΈβ£ 0.50000 will acted as key reversal-Bullish
9οΈβ£ All time high-Immediate resistance-Alternative bearish entry
π Series of parabolic moves
#οΈβ£ Overall trend- bullish
βββββ-βοΈββββββ-
π Technical bias-H4-Bearish
Price is below 50,100,200 Exponential moving average
50&200 50&100 Exponential moving average golden cross
Ichimoku cloud -cloud is still green-Middle line supports bullish trend
Bollinger band- Price reached around the lower band-Short term bullish correction towards middle band was expected
Relative strength index - Reached around 50 - Dynamic support
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 30- oversold condition will give a short term pull back expected
βββββ-β³οΈββββββ-
Key reversal area's
19000.00 psychological level
19200.00 Point of control area Volume analysis
19900.00 All time high
18700.00 50% Fibonacci retracement level
20000.00 Major resistance level
19900.00 Possible entry- Bear
17700.00 Reversal area/Bullish engulfing
βββββ-β³οΈββββββ-
Bearish entry #bitcoin #btcusd
Entry price - 19000.00
Take profit 01 - 19800.00
Take profit 02 - 20400.00
π« Stop lose 18720.00
β¬οΈ 7.37% Drop expected
β€΄οΈ Account growth 1.47: 7.37
β Risk reward ratio 1 : 5
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful
*********
β³1Hour chart
π² Possible entry analysis
β³οΈ Possible bull/bear target
πEducational
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ 20000.00 Acted as strong resistance-Key psychological level
2οΈβ£ Rising parallel channel pattern
3οΈβ£ positive risk sentiment, Vaccine news
4οΈβ£ 19000.00 Dynamic support and resistance
5οΈβ£ Strong demand for crypto's (Ripple,Tether,Etherium etc.,)
6οΈβ£ 50% Fibonacci around 18700.00
7οΈβ£ Technical support - short term bearish
8οΈβ£ 0.50000 will acted as key reversal-Bullish
9οΈβ£ All time high-Immediate resistance-Alternative bearish entry
π Series of parabolic moves
#οΈβ£ Overall trend- bullish
βββββ-βοΈββββββ-
π Technical bias-H4-Bearish
Price is below 50,100,200 Exponential moving average
50&200 50&100 Exponential moving average golden cross
Ichimoku cloud -cloud is still green-Middle line supports bullish trend
Bollinger band- Price reached around the lower band-Short term bullish correction towards middle band was expected
Relative strength index - Reached around 50 - Dynamic support
MACD -Turned red and felled below the signal line, Oscillators pointing downward
Stochastic - Reached around 30- oversold condition will give a short term pull back expected
βββββ-β³οΈββββββ-
Key reversal area's
19000.00 psychological level
19200.00 Point of control area Volume analysis
19900.00 All time high
18700.00 50% Fibonacci retracement level
20000.00 Major resistance level
19900.00 Possible entry- Bear
17700.00 Reversal area/Bullish engulfing
βββββ-β³οΈββββββ-
Bearish entry #bitcoin #btcusd
Entry price - 19000.00
Take profit 01 - 19800.00
Take profit 02 - 20400.00
π« Stop lose 18720.00
β¬οΈ 7.37% Drop expected
β€΄οΈ Account growth 1.47: 7.37
β Risk reward ratio 1 : 5
βββββ-βοΈββββββ-
Push the like button , And cheer up if you found useful