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!
Entry Price: ✨ 92,321 Stop Loss: ❌ 91,500 Take Profit 1: 🎯 93,500 Take Profit 2: 🎯 94,500
Reason for Entry: The entry price of 92,321 is near a strong support level, confirmed by the daily Fibonacci retracement at 61.8%. The price action indicates a potential upward reversal, making this a favorable entry point. The first target is 93,500, with the second target at 94,500. The stop loss is set at 91,500 to effectively manage risk.
Trade Idea: Sell Intraday Trade Setup
Entry Price: ✨ 96,907 Stop Loss: ❌ 97,500 Take Profit 1: 🎯 96,000 Take Profit 2: 🎯 95,500
Reason for Entry: The entry price of 96,907 aligns with a significant resistance level, supported by the daily Fibonacci retracement at 23.6%. The market shows signs of a potential downward movement, making this a strategic entry point. The first target is 96,000, with the second target at 95,500. The stop loss is placed at 97,500 to control risk.
Summary:
BTCUSD is at critical levels, with support at 92,321 and resistance at 96,907. The Buy Setup targets 93,500 and 94,500, while the Sell Setup targets 96,000 and 95,500. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
Support 1: 92,321 Support 2: 88,487 Support 3: 82,281
📉 Swing Levels
Swing High: 108,364 Swing Low: 92,389
Summary of Analysis
The BTCUSD market is currently positioned at 98,257. Key resistance levels above this price include 104,733, 108,567, and 114,773. The support levels below this price are 92,321, 88,487, and 82,281. The swing high is at 108,364, and the swing low is at 92,389.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 92,321 Stop Loss: ❌ 91,500 Take Profit 1: 🎯 94,000 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: ✨ 98,257 Stop Loss: ❌ 99,000 Take Profit 1: 🎯 97,000 Take Profit 2: 🎯 96,000
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!
The BTCUSD pair is currently positioned at 94,252. Key resistance levels above the DCMP are 96,060, 97,011, and 98,527. The support levels below the DCMP are 92,321, 92,029, and 90,489. The swing high is at 108,364, and the swing low is at 92,118.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 92,321 Stop Loss: ❌ 92,118 Take Profit 1: 🎯 92,980 Take Profit 2: 🎯 94,520
📌 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: ❌ 98,551 Take Profit 1: 🎯 97,011 Take Profit 2: 🎯 96,060
📌 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!
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📌 Reason for Entry: The entry price of 93,706 is near a strong support level at 93,500, confirmed by the daily Fibonacci retracement at 61.8%. The price action indicates a potential upward reversal. The first target is 94,500, with the second target at 95,200. The stop loss is placed at 93,300 to effectively manage risk.
📌 Reason for Entry: The entry price of 96,000 aligns with a significant resistance level at 96,200, based on the daily Fibonacci retracement at 38.2%. The market shows signs of a potential downward movement, with the first target at 95,500 and the second at 95,000. The stop loss is set at 96,500 to control risk.
💡 Summary:
BTCUSD is at critical levels, with support at 93,500 and resistance at 96,200. The Buy Setup at 93,706 targets 94,500 and 95,200, while the Sell Setup at 96,000 targets 95,500 and 95,000. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.
📊BTCUSD 23rd December 2024 Daily Analysis Based on Main Key Levels
Introduction
In the ever-evolving cryptocurrency market, staying informed is crucial for successful trading. This analysis focuses on the BTCUSD pair, highlighting key resistance and support levels to guide traders in making informed decisions.
📍Daily Current Market Price (DCMP)
The current market price for BTCUSD is 95,675. This figure serves as a vital reference point for assessing potential trading opportunities.
These support levels indicate where the price might find buying interest, providing potential entry points for traders.
Summary of Analysis The BTCUSD pair is currently positioned at 95,675. The key resistance levels are 96,771, 97,521, and 98,734, while support levels are 94,345, 93,595, and 92,382. The swing high stands at 108,364, and the swing low is at 92,118.
📌Reason for Entry: The price is approaching a key support level at 92,321, indicating a favorable buying opportunity.
💼Intraday Sell Trade
Entry Price: ✨ 98,527 Stop Loss: ❌ 99,027 Take Profit 1: 🎯 97,527 Take Profit 2: 🎯 96,527
📌Reason for Entry: Resistance at 98,527 suggests a potential selling opportunity, with targets set below this level.
💡Conclusion In conclusion, this BTCUSD analysis provides valuable insights into key levels and trade opportunities. By monitoring these levels, traders can make educated decisions in the dynamic cryptocurrency market. Happy trading!
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📌 Reason for Entry: The entry price of 96,000 aligns with a key support level identified by the daily Fibonacci retracement. The price action suggests a potential bounce from this level, with targets at 96,800 and 97,500, which correspond to nearby resistance levels. Stop loss is placed at 95,500 to manage risk.
📌 Reason for Entry: The entry price of 98,294 coincides with a strong resistance zone confirmed by Fibonacci retracement levels. Price action is showing signs of reversal, making this a good point to enter a Sell position. The first target is 97,500, followed by 96,800. Stop loss is set at 98,800 to control risk.
💡 Summary: BTCUSD is at crucial levels, with support at 96,000 and resistance at 98,294. The Buy Setup at 96,000 targets 96,800 and 97,500, while the Sell Setup at 98,294 targets 97,500 and 96,800. These setups are based on daily Fibonacci retracement levels and strong support/resistance zones.