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✨ Today we’re diving into the 15-Mimutes Bitcoin analysis. Stay tuned and follow along!
👀 On the 15-minute timeframe of Bitcoin, we can see that after recent declines, BTC has entered a 15-minute trading range. The top and bottom of this range act as our long and short triggers. Keep in mind that Bitcoin’s next move could potentially develop into a long-term directional move.
🧮 Looking at the RSI oscillator, the 70 level serves as confirmation for a long trigger, while the 35.5 level confirms a short trigger. Note that RSI confirmation based on its momentum swings can provide higher-quality trade setups.
🕯 Selling volume has increased slightly as Bitcoin approaches its resistance zone at $104,520, and we’ve seen a similar reaction when price hits resistance from below. This indicates buyer hesitation and stronger seller activity.
Meanwhile, buying volume has risen as price nears the support zone around $102,810. If this buying pressure continues, it could confirm an extended range formation in this area.
✍️ As in previous setups, Bitcoin’s potential scenarios remain straightforward. With proper RSI confirmation, we can look for entry opportunities.
🟢 Long Scenario : A breakout above the $104,520 resistance zone, accompanied by increasing buying volume and RSI exceeding the 70 level on the 15-minute multi-timeframe, could signal a long trade.
🟥 Short Scenario : A breakdown below the $102,810 support zone, with rising selling volume and RSI dropping below the 35.5 level, could trigger a short trade.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
✨ Today we’re diving into the 15-Mimutes Bitcoin analysis. Stay tuned and follow along!
👀 On the 15-minute timeframe of Bitcoin, we can see that after recent declines, BTC has entered a 15-minute trading range. The top and bottom of this range act as our long and short triggers. Keep in mind that Bitcoin’s next move could potentially develop into a long-term directional move.
🧮 Looking at the RSI oscillator, the 70 level serves as confirmation for a long trigger, while the 35.5 level confirms a short trigger. Note that RSI confirmation based on its momentum swings can provide higher-quality trade setups.
🕯 Selling volume has increased slightly as Bitcoin approaches its resistance zone at $104,520, and we’ve seen a similar reaction when price hits resistance from below. This indicates buyer hesitation and stronger seller activity.
Meanwhile, buying volume has risen as price nears the support zone around $102,810. If this buying pressure continues, it could confirm an extended range formation in this area.
✍️ As in previous setups, Bitcoin’s potential scenarios remain straightforward. With proper RSI confirmation, we can look for entry opportunities.
🟢 Long Scenario : A breakout above the $104,520 resistance zone, accompanied by increasing buying volume and RSI exceeding the 70 level on the 15-minute multi-timeframe, could signal a long trade.
🟥 Short Scenario : A breakdown below the $102,810 support zone, with rising selling volume and RSI dropping below the 35.5 level, could trigger a short trade.
❤️ Disclaimer : This analysis is purely based on my personal opinion and I only trade if the stated triggers are activated .
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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.
Related publications
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.