[OCTOBER 6 Bitcoin chart analysis]
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
This is the Bitcoin 30-minute chart.
The current price level coincides with a MACD "death cross" on the 6-hour and 12-hour charts,
meaning the market could see either an upward move or a correction.
I have decided to disregard the warning signal and formulate a long position strategy.
*Scenario following the red arrow path
Long position strategy
1) Entry zone: $85,710.9 / Stop-loss: If the price breaks below the purple support line
2) Targets: 1st target at $86,900.9 -> followed by $87.8K and the "Top" zone
If the strategy succeeds, the $86.3K level can be used for re-entering a long position.
I have also provided a simulation based on the pink arrow path, depending on tomorrow's movements.
If the price breaks below the purple support line:
The downside is open all the way to the "Bottom" level.
If the price drops to this zone:
Please be aware that the MACD death cross on the 6-hour and 12-hour charts will be in effect.
Please treat this analysis merely as a reference for your own trading.
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day.
- Check the results using the replay button on TradingView.
#BTC Price Analysis# #BTC100K #Crypto# #Altcoin Season# $BTC $ETH $USDT $XRP
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
This is the Bitcoin 30-minute chart.
The current price level coincides with a MACD "death cross" on the 6-hour and 12-hour charts,
meaning the market could see either an upward move or a correction.
I have decided to disregard the warning signal and formulate a long position strategy.
*Scenario following the red arrow path
Long position strategy
1) Entry zone: $85,710.9 / Stop-loss: If the price breaks below the purple support line
2) Targets: 1st target at $86,900.9 -> followed by $87.8K and the "Top" zone
If the strategy succeeds, the $86.3K level can be used for re-entering a long position.
I have also provided a simulation based on the pink arrow path, depending on tomorrow's movements.
If the price breaks below the purple support line:
The downside is open all the way to the "Bottom" level.
If the price drops to this zone:
Please be aware that the MACD death cross on the 6-hour and 12-hour charts will be in effect.
Please treat this analysis merely as a reference for your own trading.
I post the analysis results as a Comment every day.
Thank you.
(You can find the link on my profile.)
- Click Follow to receive faster information every day.
- Check the results using the replay button on TradingView.
#BTC Price Analysis# #BTC100K #Crypto# #Altcoin Season# $BTC $ETH $USDT $XRP