Price is currently in an uptrend, approaching a potential entry zone for a long position.
---
🔍 Key Zones & Concepts Highlighted:
1. SUPPLY Zone (Left Circle - Past Price Action):
A bearish zone marked in a blue circular area where price previously dropped sharply.
Suggests past selling pressure, but price has since broken above it, indicating bullish strength.
2. FVG (Fair Value Gap):
A green rectangular area labeled “FVG” in the middle of the chart.
Represents an imbalance in price that often gets filled (retested).
Price has already tested and respected this area.
3. SUPPORT Zone (Lower Green Box):
A strong support level between $85,000–$90,000.
Indicates a price floor where buyers have previously shown strong interest.
4. ENTRY Zone:
Labeled near 113,963.33 USD.
The suggested area to enter a buy trade, likely based on a break-and-retest strategy.
5. TARGET Zone:
Labeled near 135,714.11 USD.
The target for the bullish trade, suggesting expected continuation of the uptrend.
6. STOP-LOSS Zone:
Below 108,179.55 USD, in red.
Shows the risk area; if price falls here, the setup is considered invalid.
---
🧠 Overall Analysis:
This chart presents a bullish outlook for Bitcoin:
After reclaiming previous supply and filling the Fair Value Gap,
A retest of the breakout level (entry zone) is expected.
If the entry holds, the price is anticipated to move up toward the target zone, giving a good risk-to-reward ratio (RRR).
#USCryptoWeek #TradingStrategyMistakes #ArbitrageTradingStrategy #BTCBreaksATH #ETHBreaks3k