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Technical analysis by Forex_Gold_Signals about Symbol BTC: Buy recommendation (3/17/2025)

https://sahmeto.com/message/3355085

Bitcoin long position analysis for 1 hour

Buy
Price at Publish Time:
$84,255.74
Profit Target:
(+2.07%)$86,000
Stop Loss Price:
(-1.73%)$82,800
Buy،Technical،Forex_Gold_Signals

Bitcoin long trade setup is structured asEntry: 84,300Stop Loss: 82,800 (Risk: 1,500 points)Target 1: 86,000 (Gain: 1,700 points)Target 2: 88,000 (Gain: 3,700 points)Analysis & Observations:1. Risk-Reward Ratio (R:R):Target 1 (86,000): ~1:1.13Target 2 (88,000): ~1:2.47The setup favors a good reward potential if the price moves in your direction.2. Trend Confirmation:Did BTC break any key resistance before entering?Are moving averages or indicators (RSI, MACD) supporting the long entry?3. Price Action & Volume:If 86,000 is breached, bullish momentum could drive BTC toward 88,000.Was there strong buying pressure near 84,300, confirming support

Source Message: TradingView
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