BTC/USD 1H Chart – Bull Flag Breakout in Play
Observing a potential bullish continuation setup on the 1H timeframe. After a strong impulsive move to the upside, BTC formed a downward-sloping consolidation (bull flag pattern). Price has now broken out of the upper trendline with strong momentum.
The breakout also occurred above a previous resistance zone (highlighted in red), which may now act as support. If the structure holds, the measured move target based on the flagpole could indicate further upside.
This is not financial advice. Chart shared for educational and technical analysis purposes only.
Observing a potential bullish continuation setup on the 1H timeframe. After a strong impulsive move to the upside, BTC formed a downward-sloping consolidation (bull flag pattern). Price has now broken out of the upper trendline with strong momentum.
The breakout also occurred above a previous resistance zone (highlighted in red), which may now act as support. If the structure holds, the measured move target based on the flagpole could indicate further upside.
This is not financial advice. Chart shared for educational and technical analysis purposes only.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.