FX.co ★ teagan.orn | #Bitcoin chart analysis

#Bitcoin. 16.5.2024. Thursday. Greetings, trading enthusiasts and professionals. Observing the daily chart, we can immediately identify the daily timeframe levels at buy and sell 73859.31 upwards, and downwards at the price of 42763.21.

Moving on to the H4 timeframe, the chart clearly shows breakout levels located at the price of 66708.02 - upwards and the level marked at 56480.45 - downwards.

As for the earliest entry, on the hourly timeframe, we will observe upwards and downwards at prices 66708.02 and 60592.30. When the hourly candle closes above the level, we enter the trade. For Buy: StopLoss - 66707.02 TakeProfit - 66711.02. For Sell: StopLoss - 60593.30 TakeProfit - 60589.30 Exit the trade only at TP or SL. In other scenarios, costs may increase and profits decrease.

If you are unsure about the trade, you can seek assistance from the Accelerator Oscillator indicator. Green and growing bars of the indicator indicate buying, while red (decreasing) bars indicate selling.