BTCUSD Technical Analysis as of 3/2/2025
BTCUSD
Technical Analysis:
Note: The following analysis is based on standard technical indicators and chart patterns. For a comprehensive assessment, it's advisable to consult detailed charts and possibly a financial advisor.
Exponential Moving Averages (EMA):
15-Minute Chart (M15): The 50-period EMA is below the 200-period EMA, indicating a short-term bearish trend.
1-Hour Chart (H1): The 50-period EMA is converging towards the 200-period EMA, suggesting potential consolidation.
4-Hour Chart (H4): The 50-period EMA is above the 200-period EMA, indicating a longer-term bullish trend.
Support and Resistance (S&R):
Immediate Support: $92,000
Immediate Resistance: $100,000
A break above $100,000 could open the path towards $106,000, while a decline below $92,000 might lead to a test of $87,000.
Fibonacci Retracement Levels:
Applying Fibonacci retracement from the recent swing low to swing high:
38.2% Retracement: $94,000
50% Retracement: $92,000
61.8% Retracement: $90,000
These levels may act as potential support zones in case of a pullback.
Alligator Indicator:
On the M15 chart, the Alligator's Jaw (blue line), Teeth (red line), and Lips (green line) are intertwined, indicating a lack of clear trend.
On the H1 and H4 charts, the lines are aligned upwards, suggesting a bullish trend.
Candlestick Patterns:
Recent charts show the formation of bearish Marubozu candles on the M15 timeframe, indicating strong selling pressure.
Chart Patterns:
A potential diamond pattern is forming on the H1 chart, which could indicate a trend reversal if confirmed.
Supply and Demand Zones:
Rally-Base-Rally (RBR): Identified around $93,000, indicating a strong demand zone.
Rally-Base-Drop (RBD): Observed near $100,000, suggesting a potential supply zone.
Elliott Wave Analysis:
The current structure appears to be in Wave 4 of a 5-wave impulsive pattern, typically a corrective phase before the final upward movement.
Gann Analysis:
According to the Gann Square of Nine, significant price levels to watch are $92,000 and $100,000, which align with key angles.
Trade Recommendations:
Buy Limit Order:
Entry: $94,000
Stop Loss (SL): $92,000
Take Profit (TP): $100,000
Sell Limit Order:
Entry: $100,000
Stop Loss (SL): $102,000
Take Profit (TP): $94,000
Technical Analysis:
Note: The following analysis is based on standard technical indicators and chart patterns. For a comprehensive assessment, it's advisable to consult detailed charts and possibly a financial advisor.
Exponential Moving Averages (EMA):
15-Minute Chart (M15): The 50-period EMA is below the 200-period EMA, indicating a short-term bearish trend.
1-Hour Chart (H1): The 50-period EMA is converging towards the 200-period EMA, suggesting potential consolidation.
4-Hour Chart (H4): The 50-period EMA is above the 200-period EMA, indicating a longer-term bullish trend.
Support and Resistance (S&R):
Immediate Support: $92,000
Immediate Resistance: $100,000
A break above $100,000 could open the path towards $106,000, while a decline below $92,000 might lead to a test of $87,000.
Fibonacci Retracement Levels:
Applying Fibonacci retracement from the recent swing low to swing high:
38.2% Retracement: $94,000
50% Retracement: $92,000
61.8% Retracement: $90,000
These levels may act as potential support zones in case of a pullback.
Alligator Indicator:
On the M15 chart, the Alligator's Jaw (blue line), Teeth (red line), and Lips (green line) are intertwined, indicating a lack of clear trend.
On the H1 and H4 charts, the lines are aligned upwards, suggesting a bullish trend.
Candlestick Patterns:
Recent charts show the formation of bearish Marubozu candles on the M15 timeframe, indicating strong selling pressure.
Chart Patterns:
A potential diamond pattern is forming on the H1 chart, which could indicate a trend reversal if confirmed.
Supply and Demand Zones:
Rally-Base-Rally (RBR): Identified around $93,000, indicating a strong demand zone.
Rally-Base-Drop (RBD): Observed near $100,000, suggesting a potential supply zone.
Elliott Wave Analysis:
The current structure appears to be in Wave 4 of a 5-wave impulsive pattern, typically a corrective phase before the final upward movement.
Gann Analysis:
According to the Gann Square of Nine, significant price levels to watch are $92,000 and $100,000, which align with key angles.
Trade Recommendations:
Buy Limit Order:
Entry: $94,000
Stop Loss (SL): $92,000
Take Profit (TP): $100,000
Sell Limit Order:
Entry: $100,000
Stop Loss (SL): $102,000
Take Profit (TP): $94,000
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.