BTCUSDT Expert Price Action Buy/Sell Strategies!
2024-12-23
Category: None

BINANCE:BTCUSDT  
ALEXGOLDHUNTER Chart Analysis: Bitcoin (BTC) vs Tether (USDT) on Binance (1-Hour Timeframe)
Key Levels and Zones
Strong High: Around 96,570 USDT

Swing High: Around 95,596 USDT

Swing Low: Around 94,400 USDT

Order Block (OB): Around 97,340 USDT

Break of Structure (BOS): Indicates potential reversal or continuation

Change of Character (CHoCH): Indicates trend reversal

Fibonacci Retracement Levels
0.786: 96,570.2239 USDT

0.705: 92,474.48075 USDT

0.618: 95,596.8307 USDT

0.5: 95,225.995 USDT

0.382: 95,095.1593 USDT

Buy Strategy
Entry Point:

Look for a bullish reversal pattern or strong bullish candle near the support level around 94,400 USDT or the 0.382 Fibonacci level at 95,095.1593 USDT.

Confirm the trend reversal with a Change of Character (CHoCH).

Stop Loss:

Place a stop loss below the recent swing low at 94,400 USDT to minimize risk.

Take Profit:

First target at the 0.618 Fibonacci level at 95,596.8307 USDT.

Second target at the strong high around 96,570 USDT.

Final target at the order block (OB) around 97,340 USDT.

VIP Signal Format (lowercase)
entry: 94,400 USDT tp1: 95,596.8307 USDT tp2: 96,570 USDT sl: 94,000 USDT

Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a professional financial advisor before making any trading decisions.
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