📊 Bitcoin Analysis – CMP Zone Setup
I expect Bitcoin (BTCUSD) to test the [specific zone], based on my CMP (Current Market Price) technique — a method I use to identify potential reaction areas and key levels from a technical perspective.
🔍 Technical Outlook:
Price is approaching a CMP zone that may act as a reaction point.
I’ll monitor closely for a bearish engulfing pattern as confirmation before entering a trade.
🎯 Trade Plan:
Stop Loss: 50 pips
Take Profit: 1:2 or 1:3 R:R
Setup Type: CMP Reaction + Engulfing Confirmation
⚠️ Disclaimer:
This analysis reflects my personal technical view and is not financial advice. Always conduct your own research before trading.
I expect Bitcoin (BTCUSD) to test the [specific zone], based on my CMP (Current Market Price) technique — a method I use to identify potential reaction areas and key levels from a technical perspective.
🔍 Technical Outlook:
Price is approaching a CMP zone that may act as a reaction point.
I’ll monitor closely for a bearish engulfing pattern as confirmation before entering a trade.
🎯 Trade Plan:
Stop Loss: 50 pips
Take Profit: 1:2 or 1:3 R:R
Setup Type: CMP Reaction + Engulfing Confirmation
⚠️ Disclaimer:
This analysis reflects my personal technical view and is not financial advice. Always conduct your own research before trading.
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.
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.