BitcoinUpdated "BTC/USD: Key Levels & Trade Strategies"
AlexGoldHunter Analysis of Bitcoin (BTC/USD) on a 4-hour and 15-minute Timeframe
4-Hour Chart Analysis
Fibonacci Retracement Levels:
Key Levels: 0.382 (96,457), 0.5 (95,424), 0.618 (94,391), 0.705 (93,630), 0.786 (92,921).
The price is currently around the 0.382 level, indicating a potential support zone.
Volume Profile:
High volume nodes around 96,000 and 94,000 indicate strong support/resistance zones.
Resistance at 97,000 (Invalidation Level) and support around 91,568.
Indicators:
RSI: Around 52.40, indicating neutral momentum.
MACD: Showing a potential bullish crossover.
Other indicators suggest a potential reversion around the 91,568 level.
15-Minute Chart Analysis
Fibonacci Retracement Levels:
Key Levels: 0.382 (96,450), 0.5 (96,555), 0.618 (96,660), 0.705 (96,737), 0.786 (96,809).
The price is currently around the 0.382 level, indicating a potential support zone.
Volume Profile:
High volume nodes around 96,000 and 95,000 indicate strong support/resistance zones.
Resistance at 97,000 (Invalidation Level) and support around 96,134.
Indicators:
RSI: Around 44.68, indicating slightly bearish momentum.
MACD: Showing a potential bearish crossover.
Other indicators suggest a potential reversion around the 96,134 level.
Buy Strategy with Confirmation
Entry Point: Consider buying around the 0.382 Fibonacci retracement level (96,457 on the 4-hour chart and 96,450 on the 15-minute chart) if the price shows signs of support and bullish reversal patterns.
Confirmation: Look for bullish candlestick patterns, RSI above 50, and a bullish MACD crossover.
Stop Loss: Place a stop loss below the 0.5 Fibonacci retracement level (95,424 on the 4-hour chart and 96,555 on the 15-minute chart).
Target: Aim for the next resistance level around 97,000.
Sell Strategy with Confirmation
Entry Point: Consider selling around the resistance level (97,000) if the price shows signs of resistance and bearish reversal patterns.
Confirmation: Look for bearish candlestick patterns, RSI below 50, and a bearish MACD crossover.
Stop Loss: Place a stop loss above the resistance level (97,000).
Target: Aim for the next support level around 96,134.
This analysis provides a comprehensive view of the current market conditions and potential trading strategies for Bitcoin based on the provided chart. If you have any further questions or need additional analysis, feel free to ask! Happy trading! 🚀✨
Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial advice. Trading and investing involve substantial risk, and it is possible to lose more than your initial investment. Always conduct your own research and consult with a financial advisor before making any trading decisions. The author of this analysis does not accept any liability for any loss or damage that may arise from using the information provided. Use this analysis at your own risk.BTCUSD
4-Hour Chart Analysis
Fibonacci Retracement Levels:
Key Levels: 0.382 (96,457), 0.5 (95,424), 0.618 (94,391), 0.705 (93,630), 0.786 (92,921).
The price is currently around the 0.382 level, indicating a potential support zone.
Volume Profile:
High volume nodes around 96,000 and 94,000 indicate strong support/resistance zones.
Resistance at 97,000 (Invalidation Level) and support around 91,568.
Indicators:
RSI: Around 52.40, indicating neutral momentum.
MACD: Showing a potential bullish crossover.
Other indicators suggest a potential reversion around the 91,568 level.
15-Minute Chart Analysis
Fibonacci Retracement Levels:
Key Levels: 0.382 (96,450), 0.5 (96,555), 0.618 (96,660), 0.705 (96,737), 0.786 (96,809).
The price is currently around the 0.382 level, indicating a potential support zone.
Volume Profile:
High volume nodes around 96,000 and 95,000 indicate strong support/resistance zones.
Resistance at 97,000 (Invalidation Level) and support around 96,134.
Indicators:
RSI: Around 44.68, indicating slightly bearish momentum.
MACD: Showing a potential bearish crossover.
Other indicators suggest a potential reversion around the 96,134 level.
Buy Strategy with Confirmation
Entry Point: Consider buying around the 0.382 Fibonacci retracement level (96,457 on the 4-hour chart and 96,450 on the 15-minute chart) if the price shows signs of support and bullish reversal patterns.
Confirmation: Look for bullish candlestick patterns, RSI above 50, and a bullish MACD crossover.
Stop Loss: Place a stop loss below the 0.5 Fibonacci retracement level (95,424 on the 4-hour chart and 96,555 on the 15-minute chart).
Target: Aim for the next resistance level around 97,000.
Sell Strategy with Confirmation
Entry Point: Consider selling around the resistance level (97,000) if the price shows signs of resistance and bearish reversal patterns.
Confirmation: Look for bearish candlestick patterns, RSI below 50, and a bearish MACD crossover.
Stop Loss: Place a stop loss above the resistance level (97,000).
Target: Aim for the next support level around 96,134.
This analysis provides a comprehensive view of the current market conditions and potential trading strategies for Bitcoin based on the provided chart. If you have any further questions or need additional analysis, feel free to ask! Happy trading! 🚀✨
Disclaimer: The information provided in this analysis is for educational and informational purposes only and should not be considered as financial advice. Trading and investing involve substantial risk, and it is possible to lose more than your initial investment. Always conduct your own research and consult with a financial advisor before making any trading decisions. The author of this analysis does not accept any liability for any loss or damage that may arise from using the information provided. Use this analysis at your own risk.
BTCUSD Trade active
buy side target hit 9700 Great
job
Trade closed: target reached
closed all Trades
Alex Gold Hunter
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Alex Gold Hunter
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
Free Signals & analysis
Join for Free
tinyurl.com/ClassicFreeSignals
bit.ly/4fQGd0G
bit.ly/3ODlUI4
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.