Bitcoin (BTC/USD) goes to 102k.
Scenario 1: Long (Buy) Setup
The idea is to wait for a pullback to the FVG H4 zone or Trendline H1 for a buying opportunity.
Entry Point (Long):
🔹 Entry 1: Around FVG H4 ($96,500 - $97,500).
🔹 Entry 2: If the price breaks below the FVG, consider entering around the Demand Zone ($92,500 - $93,000).
Stop Loss (SL):
🛑 Set your Stop Loss at $95,700
Take Profit (TP):
🎯 TP1: Around $100,500 - $101,000 (Supply H1).
🎯 TP2: Around $102,000 - $105,000 (Supply Zone).
📉 Scenario 2: Short (Sell) Setup
If the price reaches the Supply Zone, it offers a potential shorting opportunity to catch a reversal.
Entry Point (Short):
🔹 Supply Zone 1: $101,000 - $102,000.
🔹 Supply Zone 2: $103,000 - $105,000 (a stronger resistance level).
Stop Loss (SL):
🛑 Set your Stop Loss above $106,000.
Take Profit (TP):
🎯 TP1: Around $98,000.
🎯 TP2: Around $95,000.
🎯 TP3: Around $92,000 (Demand Zone).
The idea is to wait for a pullback to the FVG H4 zone or Trendline H1 for a buying opportunity.
Entry Point (Long):
🔹 Entry 1: Around FVG H4 ($96,500 - $97,500).
🔹 Entry 2: If the price breaks below the FVG, consider entering around the Demand Zone ($92,500 - $93,000).
Stop Loss (SL):
🛑 Set your Stop Loss at $95,700
Take Profit (TP):
🎯 TP1: Around $100,500 - $101,000 (Supply H1).
🎯 TP2: Around $102,000 - $105,000 (Supply Zone).
📉 Scenario 2: Short (Sell) Setup
If the price reaches the Supply Zone, it offers a potential shorting opportunity to catch a reversal.
Entry Point (Short):
🔹 Supply Zone 1: $101,000 - $102,000.
🔹 Supply Zone 2: $103,000 - $105,000 (a stronger resistance level).
Stop Loss (SL):
🛑 Set your Stop Loss above $106,000.
Take Profit (TP):
🎯 TP1: Around $98,000.
🎯 TP2: Around $95,000.
🎯 TP3: Around $92,000 (Demand Zone).
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.