Hello guys!
Bitcoin is currently in a strong uptrend, consolidating after a sharp move up. The chart highlights a textbook bullish continuation pattern (pennant/triangle), suggesting momentum is building for another leg up.
Attention:
This is not an either-or setups. Both long entries are valid and could trigger one after the other, offering layered opportunities for bulls.
1- First Long: Breakout from Bullish Pennant
Price is tightening inside a triangle after a strong impulse move.
A breakout above the resistance around $118K would confirm continuation.
Entry on the breakout targets the upper liquidity zone near $122K.
2- Second Long: Pullback to S&D Zone (around $115K)
If the breakout happens and then retraces, watch for price to revisit the S&D zone at $115,200–$115,800.
This area will act as support and provide a second long opportunity.
target: around $122k
Bitcoin is currently in a strong uptrend, consolidating after a sharp move up. The chart highlights a textbook bullish continuation pattern (pennant/triangle), suggesting momentum is building for another leg up.
Attention:
This is not an either-or setups. Both long entries are valid and could trigger one after the other, offering layered opportunities for bulls.
1- First Long: Breakout from Bullish Pennant
Price is tightening inside a triangle after a strong impulse move.
A breakout above the resistance around $118K would confirm continuation.
Entry on the breakout targets the upper liquidity zone near $122K.
2- Second Long: Pullback to S&D Zone (around $115K)
If the breakout happens and then retraces, watch for price to revisit the S&D zone at $115,200–$115,800.
This area will act as support and provide a second long opportunity.
target: around $122k
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
İlgili yayınlar
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.