[OCTOBER 16 Bitcoin chart analysis]
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
-Long position strategy-
*Long position strategy based on the touch points indicated by the purple arrows:
1) After confirming a touch at the first purple arrow (82.5K), enter a long position at the level marked by the red arrow ($82,122.6). Use a break below the purple support line as your stop-loss level.
2) Target price: $83,788.1 (the "Top" zone). Over the weekend, aim for the targets labeled "Good" and "Great" in that order.
3) If the price drops without touching the purple arrow, enter a long position at the second zone (lower down) at $81,048.8. Use a break below the green support line as your stop-loss level.
- If the green support line is breached, the price could potentially fall toward the third zone—down to as low as 77.9K. Note that 77.9K is a significant low point, a level also recently reached by the Nasdaq.
Please use this analysis only as a reference for your own trading.
Always trade according to your established principles and be sure to use stop-loss orders to keep your trading safe.
You’ve all worked hard this week.
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# #Altcoin Season# #Crypto #Bitcoin $ETH $XRP $USDT $BTC
BTCUSD 30Min Chart
*My analysis is optimized for TradingView.
If you press the replay button, you can check real-time movements.
-Long position strategy-
*Long position strategy based on the touch points indicated by the purple arrows:
1) After confirming a touch at the first purple arrow (82.5K), enter a long position at the level marked by the red arrow ($82,122.6). Use a break below the purple support line as your stop-loss level.
2) Target price: $83,788.1 (the "Top" zone). Over the weekend, aim for the targets labeled "Good" and "Great" in that order.
3) If the price drops without touching the purple arrow, enter a long position at the second zone (lower down) at $81,048.8. Use a break below the green support line as your stop-loss level.
- If the green support line is breached, the price could potentially fall toward the third zone—down to as low as 77.9K. Note that 77.9K is a significant low point, a level also recently reached by the Nasdaq.
Please use this analysis only as a reference for your own trading.
Always trade according to your established principles and be sure to use stop-loss orders to keep your trading safe.
You’ve all worked hard this week.
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# #Altcoin Season# #Crypto #Bitcoin $ETH $XRP $USDT $BTC