Bitcoin Trading Strategy: Buy Above 89,800 / Sell Below 86,600
Current Price: 89,506.00 USD
Key Levels:
Buy Signal: If the price closes above 89,800 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 86,600 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Market Analysis:
The current price is around 89,506.00 USD, indicating potential bullish activity.
Pay close attention to the range between 86,600 to 89,800 for support and resistance levels.
Recommendations:
Buy: If the price sustains above 89,800 on the one-hour candle close, consider entering long positions. Book partial profits at 89,700 levels or use a trailing stop loss to protect your profit, with targets at 90,000 and 90,500.
Sell: If the price breaks below 86,600 on the one-hour candle close, consider short positions. Book partial profits at 86,700 levels or use a trailing stop loss to protect your profit, with targets at 86,000 and 85,500.
Disclaimer: This analysis is for educational purposes only. Please conduct your own analysis before making any trading decisions.
Current Price: 89,506.00 USD
Key Levels:
Buy Signal: If the price closes above 89,800 on the one-hour candle, it indicates an upward momentum, suggesting a good time to consider buying.
Sell Signal: If the price closes below 86,600 on the one-hour candle, it suggests a downward momentum, indicating it might be a good time to consider selling.
Market Analysis:
The current price is around 89,506.00 USD, indicating potential bullish activity.
Pay close attention to the range between 86,600 to 89,800 for support and resistance levels.
Recommendations:
Buy: If the price sustains above 89,800 on the one-hour candle close, consider entering long positions. Book partial profits at 89,700 levels or use a trailing stop loss to protect your profit, with targets at 90,000 and 90,500.
Sell: If the price breaks below 86,600 on the one-hour candle close, consider short positions. Book partial profits at 86,700 levels or use a trailing stop loss to protect your profit, with targets at 86,000 and 85,500.
Disclaimer: This analysis is for educational purposes only. Please conduct your own analysis before making any trading decisions.
Trade closed: target reached
current price 91256
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.