Daily bullish confluence trade setup of BTC(59066-60164)

Hello everyone. My previous bullish BTC trade idea has achieved 20% absolute return(checked my linked idea published on 25th March). Price rebounded from key fib zones (missed the perfect yellow zone)and create fresh record.

This bullish setup is mainly based on momentum and confluence. As you can see from the chart, my interested zone got fib, flip and moving average. So, market is likely on our side.

My detailed plan is setting alerts at the horizontal line and watch the price action on 60m. It's pretty clear, isn't?

Be careful. By the way, I visited a top hedge fund last week, they allocated 5% of the assets on GBTC , a bitcoin etf. I checked the price, less than USD50 and it might be a good way to participate in the bitcoin and reduce risks.

Give me a like if you like my setup.

Comment:

Zone touched with price action. on 5m chart, price refused to create lower low. That's a good sign. Be careful. 5m is too small for daily setup. If 5m trend continues, 15m, 30m and 60m will have bullish signals. It also happens from small timeframes.

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Zoom in on the same daily setup chart.

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Now, on the 60m it formed a bull flag pattern where the key structure got tested and held well.

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This is pretty interesting as you can see how momentum change during the day and how structures got violated and seek support from the bottom.

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We got 2 bullish candles near my zone. If you're an aggressive trader, you might take the long trade, stop will be a bit below wicks.

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Okie. The aggressive trade failed. And it seems the daily zone got violated as well. Let's recap the price action:
1. price touched zone and formed a bull flag pattern, long at the structure and brought you some quick money.
2. the bull flag pattern structure violated, and turned into resistant level and price formed lower low
3. Daily setup got violated. Better look for another long setup at key levels.