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Technical analysis by ssari about Symbol BTC: Buy recommendation (2/11/2025)

https://sahmeto.com/message/3242726
ssari
ssari
Rank: 5301
1.7
Buy،Technical،ssari

Hi Traders, Returned from a 6 week break and now my thoughts on BTC. Some time back I stated I would not be surprised if BTC ranges for some time before making new highs. I still feel that we are in this channel with a corrective pattern of some sort. The vwap and some levels of significance with fibs tends to make me believe we will sill hit the lows with a potential rejection here (no trade entry). But the wedge structure could make it hit its target at teh 618 fib for a short entry (like a fake out) and then drop. The blue and red a vwaps from different pivot points. We look for the response with our 2 methods. SFP or FA. We go into detail at the time, for a trade entry. At times we miss out because we are not online. All the best, S.SAri .End result.

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Profit Target:
$105,000
Stop Loss Price
$81,000
First Support:
$86,100
First Resistance:
$104,000
Price at Publish Time:
$97,710.34
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