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)
Dagangan aktif
ACTVE TRADE
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.