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Btcusdlong

BTCUSD Approaching Support Trendline | Potential Bullish ContinuBitcoin (BTCUSD) is showing a potential bullish continuation pattern on the 15-minute chart. Price is currently near a rising trendline support, with a possible bounce forming. The projected move suggests a strong upside if the support holds. Key levels to monitor include the recent low around 104,773 and upside target near 107,000. The setup indicates a favorable risk-reward structure. This is a technical analysis perspective and intended for charting reference.
BITSTAMP:BTCUSDLong
by UAE_USA_GOLD_TRADERS
Bitcoin Ascends into the Clear Sky: Structural Break Confirmed.⊣ ⟁ BTC/USD - BINANCE - (CHART: 1D) - (Jul 14, 2025). ◇ Analysis Price: $121,662.29. ⊣ ⨀ I. Temporal Axis - Strategic Interval - (1D): ▦ EMA9 - ($115,313.08): ∴ The EMA9 is aggressively sloped upward, serving as dynamic support during the latest expansion phase. ✴️ Conclusion: Bullish control confirmed; momentum is guided tightly by the EMA9 anchor. ⊣ ▦ EMA21 - ($111,636.30): ∴ EMA21 remains positively inclined, acting as a structural trend base beneath price and volume clusters. ✴️ Conclusion: Market remains structurally sound as long as price stays above the 21-day mean. ⊣ ▦ Volume + EMA21 - (Volume: 497.79 BTC - EMA21: 262 BTC): ∴ Volume surge surpasses the rolling average, confirming institutional participation and breakout legitimacy. ✴️ Conclusion: Volume expansion validates price movement - no signs of divergence or exhaustion detected. ⊣ ▦ RSI + EMA9 - (RSI: 77.99 - EMA9: 68.49): ∴ RSI has entered overbought territory, yet its trajectory remains upward and wide above its smoothing band. ✴️ Conclusion: Bullish momentum sustained; overbought conditions not yet reversing. ⊣ ▦ MACD - (9, 21, 9) + EMA's smoothing: ∴ MACD: 3,271.60 | Signal: 2,013.81 | Divergence: +1,257.79; ∴ The MACD line is expanding positively over its signal, confirming momentum acceleration. ✴️ Conclusion: Technical conviction favors bullish continuation; signal remains clean and unsaturated. ⊣ ▦ Ichimoku Cloud - (9, 26, 52, 26): ∴ Price is decisively above the Kumo cloud - “Clear Sky” territory; ∴ Senkou Span A = 121,653.30 | Senkou Span B = 112,486.54; ∴ Tenkan and Kijun lines are sharply elevated, confirming trend authority. ✴️ Conclusion: Zero resistance above; cloud projection supports further upward development. ⊣ 🜎 Strategic Insight - Technical Oracle: ∴ All indicators are aligned in a rare harmonic convergence, signaling trend expansion with no current topping structure; ∴ Market shows the behavior of an advanced impulse wave entering Phase II expansion; ∴ Strategic play remains bullish - pullbacks, if any, should be shallow and fast. ⊣ 𓂀 Stoic-Structural Interpretation: ∴ Structurally Bullish – Tactically Advancing ⊢ ⧉ Cryptorvm Dominvs · ⚜️ MAGISTER ARCANVM ⚜️ · Vox Primordialis ⌬ - Wisdom begins in silence. Precision unfolds in strategy - ⌬ ⧉ ⊢
BINANCE:BTCUSDLong
by Magister_Arcanvm
Bitcoin - The cycle is just starting!⚔️Bitcoin ( CRYPTO:BTCUSD ) just created new highs: 🔎Analysis summary: Bitcoin is currently - especially with the new all time high breakout - just perfectly following previous cycle behavior. Since there is no real resistance above current price, apart from psychological levels, I do expect a substantial rally back to the upper channel resistance trendline. 📝Levels to watch: $300.000 🙏🏻#LONGTERMVISION Philip - Swing Trader
CRYPTO:BTCUSDLong
by basictradingtv
25
FOMO price increase, create new ATH💎 Update Plan BTC weekend (July 11) Continuously creating a new ATH, preparing to have a short sale? The reinforcement of Bitcoin price around the upper boundary of the previous consolidation area was broken at $ 108,355, which ended on Wednesday. The price has soared to the highest level of the new time of $ 116,868 on Thursday. At the time of writing on Friday, the price is fluctuating above $ 116,600. When BTC entered the price exploration regime and if the trend of increasing continues, the price can expand the momentum to an important psychological level of $ 120,000. Technical analysis angle Our community has continuously chose the trend of increasing as the mainstream for all previous transactions and currently preparing to welcome 120k as forecast. The relative power index (RSI) on the daily chart reaches 71, higher than the excess buying 70, showing a sharp increase. However, traders should be cautious because the ability to adjust the decrease is very high due to over -purchase. Meanwhile, the average divergence dynamic indicator (MACD) has shown a price intersection at the end of June. The indicator also shows that green histograms are increasing on neutral zero, showing that the rising momentum is being strengthened and continues to increase. However, if BTC must be adjusted, the price may extend the decline to search and support around the upper boundary of the unified area that has been broken earlier at $ 108,355. Plan has been constantly accurate in the past 2 months, which is the positive signal of the channel that brings value to the community. Please follow the channel to receive accurate scenarios about gold and BTC ==> Comments for trend reference. Wishing investors successfully trading
Long
by Nova-Scalper
4
BTC back to 110K, ATH effortPlan BTC today: 09 July 2025 Related Information:!!! Cryptocurrencies are trading in a volatile environment driven by tariff-related uncertainties ahead of the release of the Federal Reserve's (Fed) Minutes from the June meeting, scheduled for Wednesday. Bitcoin (BTC) continues to exhibit technical weakness, trading below the key resistance level near $109,000. Trading activity in the spot market remains subdued, with K33 Research reporting a 4% decline in weekly volume to $2.1 billion. Aside from a few selective rallies, as evidenced by Wednesday’s top-performing tokens, most altcoins are underperforming relative to Bitcoin, reflecting limited engagement from the retail segment. Nonetheless, Ethereum (ETH) is showing early signs of a potential upward move after breaking above the former resistance-turned-support level at $2,600. Ripple (XRP), meanwhile, has extended its recovery above $2.33, posting over 1% in intraday gains. personal opinion:!!! Continued efforts by the bulls, breaking ATH above the 110,000 price zone. The time is near for the FED to lower interest rates. Important price zone to consider :!!! support zone : 109.200 resistance zone : 109.700 Sustainable trading to beat the market
Long
by JJainy
1
BTC up following H1 trend linePlan BTC today: 07 July 2025 Related Information:!!! Bitcoin (BTC) trades slightly below $109,000 at the time of writing on Monday, following its highest weekly close on record. Institutional and corporate demand continues to serve as a key catalyst, with Metaplanet acquiring an additional 2,205 BTC on Monday, while US-listed spot Bitcoin Exchange Traded Funds (ETFs) saw over $769 million in net inflows last week. As market participants assess the latest bullish indicators, focus now shifts to broader macroeconomic developments, including new trade-related headlines and reports suggesting that the administration of US President Donald Trump may extend the current tariff pause until August 1. personal opinion:!!! BTC moves sideways in the trend line, trend line support 108,300 Important price zone to consider :!!! support zone : 108.300 Sustainable trading to beat the market
Long
by JJainy
1
waiting for new ATH this week , btc💎 BTC PLAN UPDATE FOR THE BEGINNING OF THE WEEK (07/07) NOTABLE BITCOIN NEWS: Focus on 4 key points today 1. Elon Musk – “America Party” to Support Bitcoin Elon Musk has confirmed that his newly formed political party, the “America Party,” will support Bitcoin, stating that “fiat is hopeless.” 2. Cup-and-Handle Pattern Analysis: Targeting $230K According to technical analysis by Cointelegraph, BTC is forming a “cup and handle” pattern on the monthly chart, which could lead to a target peak of $230,000 if a breakout continues. 3. BTC Price Holds Steady Around $109K Amid “Crypto Week” and Trade Tensions Bitcoin is currently trading around $109,000, influenced by “Crypto Week” and concerns over U.S. tariffs. 4. Institutional Inflows Increase, But Market Demand Weakens According to CoinDesk, institutional investors are still buying BTC, but not enough to offset declining demand in the spot market, negatively affecting short-term market sentiment. ⸻ TECHNICAL ANALYSIS PERSPECTIVE The short-term trend remains bullish. However, the steep slope of the trend indicates buying pressure is still being contested and unstable. BTC remains stuck at Fibonacci levels—pay close attention to the resistance zones at 112K and 115K. If these two resistance levels are broken, investors may get the answer to whether BTC can approach the 120K level. In the short term, both gold and BTC are moving sideways, indicating that market liquidity and investor capital are unstable and being divided across multiple portfolios. ==> This analysis is for reference only. Wishing all investors successful trading!
Long
by Nova-Scalper
1
Weekend BTC Trend Analysis and Trading SuggestionsLet's review this afternoon's market performance. The BTC price, as we anticipated, rebounded to around 109,000 in the afternoon before plummeting sharply. Living up to "Black Friday", this violent drop was well within our expectations. In the afternoon's live trading, we also reminded everyone that as long as there was a rebound to the upper zone, it was a good opportunity to go short. This drop has created a space of nearly 1,500 points. Currently, the BTC price has pulled back to around 107,800. From the current 4-hour K-line chart, after a strong upward surge, the market encountered significant resistance near the upper track of the Bollinger Bands. As bullish momentum gradually faded, the price started to come under pressure and decline, suggesting that the short-term upward trend may come to a temporary halt. At present, the market has recorded multiple consecutive candlesticks with large bearish bodies. The price has not only effectively broken below the key support level of the Bollinger Bands' middle track but also caused the Bollinger Bands channel to switch from expanding to narrowing, indicating that market volatility is decreasing. In terms of trading volume, it showed a moderate increase during the price pullback, which further confirms the authenticity of the bearish selling pressure. BTCUSD sell@108000-1085000 tp:107000-106000 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
BITSTAMP:BTCUSDShort
by EvanField
1
break, BTC soon reaches new ATH💎 Update Plan BTC after NFP (July 3) Notable news about BTC: Bitcoin (BTC) recovered to $ 109,000 on Wednesday when the US agreement with Vietnam and the increase in global M2 supply of M2 money has promoted an increase in open interest rates (OI), soaring to 689.78 thousand BTC worth about $ 75 billion. The cryptocurrency market in general has increased the price along with BTC, with leading altcoins, Ethereum (ETH), XRP and Solana (SOL) increased by 7%, 3%and 4%respectively. Bitcoin, the market cryptocurrency market increased by the trade agreement with Vietnam and M2 money supply soared The cryptocurrency market has recovered on Wednesday, an increase of 2% to regain the market capitalization of $ 3.5 trillion. Technical analysis angle First, congratulate the investors who follow the plan when we previously traded according to the model and had a short signal at 108k and took profit and then Long in the 106k area. Currently, BTC is in wave 5 and is trapped in the Fibonanci area of ​​2,618 golden ratio around the price of 109k, this is also the threshold of the price of investors who are under pressure before the price area goes to 112k The 112k region is a psychological area of ​​profit and will appear on the 109k sales situation before the BTC price may rise further in the last 6 months of the year. Please follow the channel to receive accurate scenarios about gold and BTC /-Teart /-heart ==> Comments for trend reference. Wishing investors successfully trading
Long
by Nova-Scalper
1
BTCUSD Trade Setup Idea on 1D Timeframe - Bullish MomentumBitcoin (BTCUSD) is currently trading at $109,348, showing strong bullish momentum on the 1H chart. The recent breakout from consolidation signals potential continuation, provided key resistance levels are breached and held. Must Consider Analysis Timeframe : 1Day. Strictly follow the trading rules for Entry..... only on Retracement. SL on Previous or Close swing low. 🔍 Key Levels to Watch: Bullish Continuation Confirmation: If price sustains above 112,150, we expect bullish momentum to accelerate. Target 1 (TP1): 112,150 – Key breakout level that may act as support once reclaimed. Target 2 (TP2 - Major): 121,128 – Long-term resistance and major profit-taking zone. 📊 Trade Logic: A confirmed breakout and hold above 112,150 indicates strong buyer interest and could drive price toward 116,572 and 121,128. The trend remains bullish as long as price holds above the breakout structure. REMEMBER:- RESPECT THE LEVELS, LELEVLS RESPECT YOU THEN. 💡 Strategy: Monitor for retests and bullish candle confirmations above 112,150 to add or enter long positions with proper risk management. ! Disclaimer & Important Note: This analysis is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. All trading involves risk. We are not responsible for any kind of loss incurred, whether financial, emotional, or otherwise. Always do your own research and consult with a licensed financial advisor before making any trading decisions. Trading involves significant risk, and you should never invest more than you can afford to lose. Past performance is not indicative of future results. The trade idea shared above reflects personal market interpretation and is subject to change based on new market conditions. Posted by: THEPATELCRYPTO, 45Degree Stay safe. Trade smart. Follow for more ideas! 📍Posted by: THEPATELCRYPTO, 45Degree 📈 Stay safe. Trade smart. 🔔 Follow for more ideas!
CRYPTO:BTCUSDLong
by thepatelcrypto
BTC buying power is gradually increasing💎 Update Plan BTC at the beginning of the week (June 30) Notable news about BTC: Anthony Pompliano has merged Procap BTC with Columbus Circle Capital I, established Procap Financial - a Bitcoin warehouse company up to $ 1 billion. The company will deploy lending activities, derivatives ... in order to create a collection line from BTC, according to the similar model Bitcoin price is stable at about $ 107.4K on June 27, before the expiry date of options worth up to US $ 40 billion, capable of causing strong fluctuations. At the same time, on June 29, BTC exceeded $ 108k, up ~ 0.68% compared to the previous day In the past 7 days, BTC maintained around $ 104–107K despite tensions in the Middle East and the US economic data is not heterogeneous. Reduce slightly but receive support from organized cash flow and global trade progress. Technical analysis angle Overview of trends - many signs of increasing Looking at the candle is signaling "Strong Buy" on many time frames, especially healthy momentum, the ability to breakout $ 116k if surpassed the $ 110k resistance ETF liquidity and organizational capital flows are supporting the trend of increasing, strengthening the possibility of breakthrough. Moving Averages: Frame 1H: 64% Bullish signal (MA20 reversed), but there is a neutral signal from short -term ghosts Daily/Weekly: Golden Cross (Golden Cross) between 50‑ and 200‑ MA, is a long -term trend increase signal Oscillators: RSI frame Daily ~ 55, showing neutral momentum, not too much purchased but there is a rise. Double Rounded Top model on the chart Daily, the current trend is neutral - Bearish if the breakdown supports Neckline ~ $ 106k; In contrast, strong recovery above $ 114k will invalid this model Long -term / Swing Trade: Keep the position if the price is maintained> $ 106k, use $ 103–104K as a spare hole stop. Short -term / Scalp Trade: can be in order when the test price is $ 106k–107k, small latches around $ 110k. ==> Comments for trend reference. Wishing investors successfully trading
Long
by Nova-Scalper
BTC Efforts to break the trend to create a new ATHPlan BTC today: 30 June 2025 Related Information:!!! As of Monday, Bitcoin (BTC) is trading around $108,500, approximately 3% below its all-time high. Ethereum (ETH) has closed above a key resistance level, indicating the potential for a sustained upward movement. Meanwhile, Ripple (XRP) is approaching a critical threshold; a confirmed breakout could strengthen bullish momentum in the near term. Bitcoin approaches record highs The price of Bitcoin surged by 7.32% last week, closing above the $108,000 mark. As of the latest update on Monday, it remains near $108,500. Should the current upward trend persist, BTC may extend its rally toward the all-time high of $111,980 recorded on May 22. A decisive close above this level could pave the way for further gains, potentially establishing a new all-time high at $120,000." personal opinion:!!! BTC buying pressure is prevented by selling pressure according to H4 trendline, accumulating and soon surpassing ATH Important price zone to consider :!!! support zone : 107.000 ; 104.600 Sustainable trading to beat the market
Long
by JJainy
1
BTC recovers, price range sideways trend line💎 Update Plan BTC (June 25) Notable news about BTC: 🌐 Growth stimulus factor Reducing geopolitical tensions: The ceasefire agreement between Iran and Israel has helped improve investor psychology, promote capital inflows into risky assets like Bitcoin. The dollar weakened: The USD index dropped to the lowest level in a year due to concerns about the economic impact from President Trump's tax policies, making Bitcoin a more attractive choice for investors to search for replacement assets. Expectations for monetary policy: The decision of the US Federal Reserve (Fed) on keeping interest rates stable and interest rate cutting capacity in July has motivated the cryptocurrency market. Technical analysis angle Bitcoin may increase to the highest level of all time Bitcoin price reached the lowest level of $ 98,200 on Sunday but has recovered strongly 5% in the next two days, closed on the dynamic average line according to the 50 -day exponential jaw at $ 103,352. At the time of writing on Monday, the price continued to trade higher at about $ 106,500. If BTC continues to increase, the price can expand the momentum to the highest level of all time is $ 111,980 on May 22. The relative power index (RSI) on the daily chart is 54, higher than the neutral level of 50, showing the motivation for price increase. The average divergent divergence (MACD) is referring to the price intersection (the MACD is about to cut on the signal line), if completed, the purchase signal will be made. ==> Comments for trend reference. Wishing investors successfully trading
Long
by Nova-Scalper
1
BTC - Getting 2021 Double Top/Bearish VibesLooking at the weekly chart for BTC, I'm seeing similar price action from when we double topped in 2021. We hit the top of the channel, corrected, and then had a slightly higher high before going down hard. Again we hit the top of the channel, had a strong correction, only to hit it again for a slightly higher high. But the signs of market weakness are showing in the indicators and price action. Not to mention war is looming between Israel and Iran. I'm taking a defensive posture here. I think if the bears take control, we could hit the $60k liquidity area that we missed on the last correction. We can reassess the market better at the time based on the price action and current events.
Short
by jpbrown1023
Current BTC Trend Analysis and Trading RecommendationsToday, U.S. markets are closed, leading to light trading activity and relatively limited overall market volatility. From a technical analysis perspective, the 4-hour K-line chart currently shows prices trading below the middle band of the Bollinger Bands, exhibiting a classic range-bound consolidation pattern. Bulls and bears are locked in a tug-of-war between key support and resistance levels, with K-line formations alternating between bullish and bearish patterns. In terms of chart structure, the lower support zone has demonstrated strong buying conviction, while the upper resistance level has exerted clear restrictive force. Multiple failed upward breakouts have formed a short-term top. This box consolidation—characterized by resistance above and support below—is expected to sustain sideways trading through Friday. Against the backdrop of no major positive catalysts, bearish momentum may gradually dominate if no substantial bullish triggers emerge. Maintain a trading strategy of selling into strength. BTCUSD 105000-105500 tp:104000-103000 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
BITSTAMP:BTCUSDShort
by EvanField
Current BTC Trend Analysis and Trading RecommendationsThe daily candlestick chart of BTC shows a three - day consecutive bearish retracement, having fallen back to the vicinity of the starting point of the previous pinbar rebound and currently remaining in a recent low - level sideways consolidation zone. However, the 4 - hour trend is pressured by the middle band of the Bollinger Bands, staying within a downward channel and forming a rebound - retracement wave pattern. For short - term strategies, anticipate a further retracement first. Long positions should be initiated only after the support level is confirmed valid. This retracement represents a necessary consolidation phase before the bullish trend continues, and the current adjustment range does not pose a substantial threat of trend reversal to the overall uptrend. With the core upward trend intact and the direction remaining clear, BTC is expected to resume its upward momentum after a brief consolidation. The operational approach remains to go long on retracements. BTCUSD buy@103500-104000 tp:105500-106500 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
BITSTAMP:BTCUSDLong
by EvanField
BTC Accumulated Over 104K💎 BTC PLAN UPDATE (June 16) NOTABLE BITCOIN (BTC) NEWS: At least four publicly listed U.S. companies announced plans on Tuesday to significantly increase their cryptocurrency exposure, committing a combined $844 million in new investments. The move reflects a growing corporate appetite for Bitcoin and other digital assets as alternative stores of value and growth opportunities. The most substantial commitment came from Hong Kong-based ready-meal provider DDC Enterprise Ltd, which disclosed three separate purchase agreements totaling $528 million. The entire sum is earmarked for expanding the company’s Bitcoin reserves. Technical analysis angle DAY DAY: Bitcoin is united when uncertainty takes root Bitcoin price moves widely at about $ 106,300 at the time of writing the article after failing to reach the $ 107,000 resistance threshold on Monday. Its technical structure, as observed from the daily chart below, shows the trend of price increases. The dynamic convergence indicator (MACD) has maintained the signal to be confirmed on Thursday when the blue MACD line cut under the red signal line. This signal often encourages traders to consider reducing exposure to Bitcoin, thereby creating a dynamic motivation. The relative power index (RSI) highlights the discount trend when it is sloping, approaching the middle line 50. The movement is below this important neutral level that can catalyze the downtrend, bringing the average exponent dynamic line of 50 days (EMA) at $ 103,064, the 100 -day EMA road at $ 98,783 and the 200 -day EMA road at $ 93,083 to become expected targets. ==> Comments for trend reference. Wishing investors successfully trading
Long
by Nova-Scalper
1
Current BTC Trend Analysis and Trading RecommendationsToday's overall BTC market rebounded after hitting a low of 102,614 in the early trading session, with Bitcoin's price maintaining a slow upward trend throughout the day. The intraday high reached 105,912 but encountered resistance. As the weekend approaches, historical market data shows limited volatility during weekends, so range-bound fluctuations are expected for the weekend. From the current overall market rhythm, the price has rebounded slightly today after the previous decline. The hourly chart shows consecutive upward candles, though the price movement remains relatively slow. As time progresses, the price is expected to sustain an upward trend after pullbacks, and breaking through the short-term resistance level is only a matter of time. In terms of short-term structure and pattern, despite slight resistance and minor pullbacks, the downward momentum has weakened. We can still focus on long positions at lower levels, paying attention to the 106,000 resistance level. BTCUSD buy@104000-104500 tp:106000-107000 Investment itself is not the source of risk; it is only when investment behavior escapes rational control that risks lie in wait. In the trading process, always bear in mind that restraining impulsiveness is the primary criterion for success. I share trading signals daily, and all signals have been accurate without error for a full month. Regardless of your past profits or losses, with my assistance, you have the hope to achieve a breakthrough in your investment.
BITSTAMP:BTCUSDLong
by EvanField
Inverse Head and Shoulders Breakout Signals BullishThe chart under review presents a classic Inverse Head and Shoulders pattern, a reliable and widely recognized bullish reversal formation in technical analysis. This structure typically forms after a downtrend, indicating a potential shift in market sentiment from bearish to bullish. The pattern is composed of: Left Shoulder: A modest price decline followed by a temporary upward correction. Head: A deeper price decline forming the lowest point in the pattern. Right Shoulder: A higher low that mirrors the left shoulder, followed by another upward movement. The neckline, which acts as a critical resistance level, is clearly illustrated at approximately 106,840.37 USDT. A confirmed breakout above this neckline suggests the completion of the reversal pattern and validates the potential for a sustained bullish movement. 2. Breakout Confirmation The current price action confirms a successful breakout above the neckline, with the market currently trading around 107,586.58 USDT. This breakout is a key signal for bullish continuation, provided it is supported by increased volume and follow-through price action. From a technical standpoint, the breakout is reinforced by: A clean violation of neckline resistance Price consolidation near breakout zone before a strong upward thrust Higher lows preceding the breakout, indicative of growing buying pressure This confluence of technical signals strengthens the case for an upward price trajectory in the near term. 3. Projected Price Targets Upon confirmation of the Inverse Head and Shoulders breakout, target levels can be derived using the measured move technique. This involves projecting the vertical distance from the head to the neckline upward from the breakout point. Target 1 (Initial Resistance): 108,878.29 USDT – This level represents a potential short-term resistance where price may consolidate or retrace slightly before continuing. Target 2 (Measured Move Completion): 110,752.24 USDT – This is the ultimate price target derived from the height of the head-to-neckline structure. Reaching this level would represent the full realization of the reversal pattern. 4. Key Support and Risk Levels Risk management is a critical component of any trading strategy. The following support levels should be closely monitored: 106,840.37 USDT (Neckline Support): Former resistance turned support. Holding above this level post-breakout is essential for sustaining bullish momentum. 105,997.09 USDT: Acts as a secondary support level and potential stop-loss region for conservative traders. If price fails to hold above the neckline and falls back below these levels, the breakout could be classified as a false breakout, warranting caution. 5. Strategic Implications for Traders This setup provides a favorable risk-to-reward ratio for long entries, particularly for traders seeking to capitalize on momentum-based patterns. An optimal trading approach could involve: Entry: Near the neckline breakout or on a minor retest of 106,840.37 USDT Stop-Loss: Below 105,997.09 USDT or under the right shoulder to account for volatility Take-Profit Zones: Partial profits near 108,878.29 USDT, with final target at 110,752.24 USDT 6. Final Remarks This chart illustrates a textbook example of a bullish reversal pattern in play. While the technical outlook is favorable, traders should remain cautious of potential invalidation scenarios, especially in highly volatile or news-driven markets. Confirmation through volume analysis and supportive macro/fundamental conditions can further enhance confidence in the bullish thesis. Overall, the current setup indicates a well-structured opportunity for upward price movement, with a clearly defined entry, risk, and reward framework. Let me know if you'd like this tailored for a trading journal, client report, or automated strategy setup
Long
by ZareeFxTradingAac