BTC escapes consolidation, shifting into an uptrend

Sep 29

• Price has broken out of the sideway range 108,500 – 109,800, shifting from bearish to bullish.
  
• After the BB (Block Breakout), BTC surged to 112,500 – 113,000 before consolidating.
  
• Currently, price is trading far from the EMA (around 111,100), implying a possible pullback.
  

Strategy:
Wait for price to retrace toward EMA (111,000 – 111,200) or consolidate in this zone.

If patterns such as DD (Double Doji) or FB (First Breakout) form within 111,000 – 111,500, consider long entries.


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Oct 3

Trade closed: target reached

The trade was successful. You can find my latest analysis here.