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Idea:
Bitcoin is breaking out above the descending Flag after testing the upper boundary multiple times, showing bullish momentum confirmed by price holding above the 15 EMA and 50 EMA. The breakout aligns with strong impulse candles and sustained buying pressure.
Entry:
✅ Buy near $110,000
Stop Loss:
🔴 Below $108,500, under the breakout structure to protect against a false breakout.
Take Profit:
🟢 Tp1 $111,245
🟢 Tp2 $112,600
Rationale:
Clear breakout of the channel top resistance.
Bullish EMAs crossover with sustained slope.
Strong impulse move suggesting continuation.
Risk Management:
Position size accordingly, max risk 1–2% capital per trade.
#Bitcoin #BTCUSD #CryptoTrading #Breakout #LongSignal #TradingView #TechnicalAnalysis
Idea:
Bitcoin is breaking out above the descending Flag after testing the upper boundary multiple times, showing bullish momentum confirmed by price holding above the 15 EMA and 50 EMA. The breakout aligns with strong impulse candles and sustained buying pressure.
Entry:
✅ Buy near $110,000
Stop Loss:
🔴 Below $108,500, under the breakout structure to protect against a false breakout.
Take Profit:
🟢 Tp1 $111,245
🟢 Tp2 $112,600
Rationale:
Clear breakout of the channel top resistance.
Bullish EMAs crossover with sustained slope.
Strong impulse move suggesting continuation.
Risk Management:
Position size accordingly, max risk 1–2% capital per trade.
#Bitcoin #BTCUSD #CryptoTrading #Breakout #LongSignal #TradingView #TechnicalAnalysis
Note
Who'll take the control after this breakout?Bulls or Bears??
Trade active
Still in the game...Trade closed: stop reached
Note
Seems it was a Fake BreakOut
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.