[OCTOBER 19 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-
On the left, marked by a light blue arrow, is the entry point for the long position I initiated on October 16th at $82,196.6—the strategy remains consistent.
*Long position strategy in relation to the area marked by the purple arrow (Zone 1):
1) Upon confirming a touch of the area marked by the purple arrow (Zone 1):
- Long position entry: $82,652.4 (marked by the red arrow).
- Stop-loss: If the price breaks below the purple support line.
- For those currently holding the long position from the $82.1K level, the same stop-loss applies.
- The purple support line represents a level defined by the lows of the newly formed weekly and daily candles for this week; holding above this is a condition for a strong bullish trend.
2) First target for the long position is the top at $84,334; this serves as a solid second target level.
- The $83.7K level can be used as an area for re-entering a long position.
3) If the price moves downward without touching Zone 1:
- Long position entry: $81,442.3 (marked by the green arrow/Zone 2).
- Stop-loss: If the price breaks below the green support line.
- Please be cautious: a break below the green support line opens up the possibility of a decline toward the "Bottom" area—potentially extending down to Zone 3.
Please treat this analysis as a reference only.
I encourage you to trade according to your established principles and always use stop-losses to ensure your safety in the market.
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.
#Bitcoin #BTC100K #BTC Price Analysis# #Crypto $USDT $XRP $ETH $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-
On the left, marked by a light blue arrow, is the entry point for the long position I initiated on October 16th at $82,196.6—the strategy remains consistent.
*Long position strategy in relation to the area marked by the purple arrow (Zone 1):
1) Upon confirming a touch of the area marked by the purple arrow (Zone 1):
- Long position entry: $82,652.4 (marked by the red arrow).
- Stop-loss: If the price breaks below the purple support line.
- For those currently holding the long position from the $82.1K level, the same stop-loss applies.
- The purple support line represents a level defined by the lows of the newly formed weekly and daily candles for this week; holding above this is a condition for a strong bullish trend.
2) First target for the long position is the top at $84,334; this serves as a solid second target level.
- The $83.7K level can be used as an area for re-entering a long position.
3) If the price moves downward without touching Zone 1:
- Long position entry: $81,442.3 (marked by the green arrow/Zone 2).
- Stop-loss: If the price breaks below the green support line.
- Please be cautious: a break below the green support line opens up the possibility of a decline toward the "Bottom" area—potentially extending down to Zone 3.
Please treat this analysis as a reference only.
I encourage you to trade according to your established principles and always use stop-losses to ensure your safety in the market.
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.
#Bitcoin #BTC100K #BTC Price Analysis# #Crypto $USDT $XRP $ETH $BTC