Entry Price: 92,988 Stop Loss: 92,500 Take Profit 1: 93,500 Take Profit 2: 93,850
Reason for Entry:
The entry price of 92,988 is near a significant support level identified through daily Fibonacci retracement. The price action indicates a potential upward reversal, with the first target at 93,500 and the second target at 93,850. The stop loss is placed at 92,500 to manage risk effectively.
Trade Idea: Sell Intraday Trade Setup
Entry Price: 93,850 Stop Loss: 94,200 Take Profit 1: 93,000 Take Profit 2: 92,500
Reason for Entry:
The entry price of 93,850 aligns with a strong resistance level based on daily Fibonacci retracement levels. The market shows signs of a potential downward movement, with the first target at 93,000 and the second target at 92,500. The stop loss is set at 94,200 to control risk.
Summary:
BTCUSD is at critical levels, with support at 92,988 and resistance at 93,850. The Buy Setup at 92,988 targets 93,500 and 93,850, while the Sell Setup at 93,850 targets 93,000 and 92,500. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
Summary of Analysis As of the current market price of 93,091 on December 30, 2024, key resistance levels above this price include 95,276, 98,138, and 99,906. The support levels below this price are 92,414, 90,646, and 87,784. The swing high is at 108,364, and the swing low is at 92,118.
Suggested Trades
πΌ Intraday Buy Trade
Entry Price: β¨ 92,414 Stop Loss: β 90,646 Take Profit 1: π― 93,091 Take Profit 2: π― 95,276
π Reason for Entry The price is approaching a key support level at 92,414, indicating a favorable buying opportunity based on technical analysis.
πΌ Intraday Sell Trade
Entry Price: β¨ 95,276 Stop Loss: β 98,138 Take Profit 1: π― 93,091 Take Profit 2: π― 99,906
π Reason for Entry Resistance at 95,276 suggests a potential selling opportunity, with targets set below this level.
Conclusion This analysis provides a crisp overview of key levels and trade opportunities for BTCUSD as of December 30, 2024. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!
Trade Setup Entry Price: β¨ 93,380 Stop Loss: β 92,800 Take Profit 1: π― 94,000 Take Profit 2: π― 94,500
π Reason for Entry The entry at 93,380 is supported by strong daily support levels and a Fibonacci retracement zone, indicating a favorable buying opportunity.
π Sell Intraday Trade Setup
Trade Setup Entry Price: β¨ 94,929 Stop Loss: β 95,200 Take Profit 1: π― 94,500 Take Profit 2: π― 94,200
π Reason for Entry The entry at 94,929 coincides with significant daily resistance levels and a Fibonacci extension, suggesting a potential selling opportunity.
Summary of Analysis As of now, the BTCUSD market is positioned at 94,442. The key resistance level above this price is 98,527, while the support level below is 92,321. The swing high is at 108,364, and the swing low is at 92,118.
Suggested Trades
πΌ Intraday Buy Trade
Entry Price: β¨ 92,321 Stop Loss: β 91,500 Take Profit 1: π― 93,500 Take Profit 2: π― 94,000
π Reason for Entry The price is approaching a key support level at 92,321, indicating a favorable buying opportunity based on technical analysis.
πΌ Intraday Sell Trade
Entry Price: β¨ 98,527 Stop Loss: β 99,000 Take Profit 1: π― 97,000 Take Profit 2: π― 96,000
π Reason for Entry Resistance at 98,527 suggests a potential selling opportunity as it aligns with the technical analysis, providing clear targets below this level.
Conclusion This analysis offers a concise overview of key levels and trade opportunities for BTCUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights, and happy trading!
If anyone has doubts or does not agree with my viewpoint, please let me know.
Trade Idea: Buy Intraday Trade Setup
Entry Price: 95,071 Stop Loss: 94,500 Take Profit 1: 95,500 Take Profit 2: 96,000
Reason for Entry: The entry price of 95,071 is near a significant support level identified through daily Fibonacci retracement. The price action suggests a potential upward reversal, with the first target at 95,500 and the second target at 96,000. The stop loss is placed at 94,500 to manage risk effectively.
Trade Idea: Sell Intraday Trade Setup
Entry Price: 96,983 Stop Loss: 97,500 Take Profit 1: 96,500 Take Profit 2: 96,000
Reason for Entry: The entry price of 96,983 aligns with a strong resistance level based on daily Fibonacci retracement levels. The market shows signs of a potential downward movement, with the first target at 96,500 and the second target at 96,000. The stop loss is set at 97,500 to control risk.
Summary:
BTCUSD is at critical levels, with support at 95,071 and resistance at 96,983. The Buy Setup at 95,071 targets 95,500 and 96,000, while the Sell Setup at 96,983 targets 96,500 and 96,000. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
Support (Below DCMP) Support 1: 92,321 Support 2: 88,487
Swing Levels
Swing High: 108,364 Swing Low: 92,118
Summary of Analysis As of the latest evaluation, the BTCUSD market is positioned at 96,202. Key resistance levels above this price include 104,733, 108,567, and 114,773. The support levels below this price are 92,321 and 88,487. The swing high is noted at 108,364, while the swing low is at 92,118.
Suggested Trades
Intraday Buy Trade
Entry Price: 92,321 Stop Loss: 92,118 Take Profit 1: 95,000 Take Profit 2: 96,000
Reason for Entry The price is approaching a key support level at 92,321, indicating a favorable buying opportunity based on technical analysis.
Intraday Sell Trade
Entry Price: 98,527 Stop Loss: 98,715 Take Profit 1: 96,500 Take Profit 2: 95,500
Reason for Entry Resistance at 98,527 suggests a potential selling opportunity, with targets set below this level.
Conclusion
This analysis provides a concise overview of key levels and trade opportunities for BTCUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!