Hi traders! , Analyzing BTC/USD on the 30-minute timeframe, we can observe that price is respecting the ascending channel and reacting to the dynamic trendline support (blue line). This bounce, aligned with prior structure, signals a potential bullish continuation.
🔹 Entry: 116,249
🔹 Take Profit (TP): 119,434
🔹 Stop Loss (SL): 113,105
Price remains above the 200 EMA while continuing to respect the ascending trendline, signaling sustained bullish structure. The RSI is showing a bullish divergence, which supports the idea of upward momentum. We also saw a strong reaction at the pivot point (115,373), and a bullish engulfing candle formed right near the trendline — adding further confirmation to this potential long setup.
This long setup presents a favorable risk/reward ratio within the context of the broader trend. Targeting a clean break above previous resistance and return to the R1 zone.
⚠️ DISCLAIMER: This is not financial advice. Trade at your own risk and always use proper risk management
🔹 Entry: 116,249
🔹 Take Profit (TP): 119,434
🔹 Stop Loss (SL): 113,105
Price remains above the 200 EMA while continuing to respect the ascending trendline, signaling sustained bullish structure. The RSI is showing a bullish divergence, which supports the idea of upward momentum. We also saw a strong reaction at the pivot point (115,373), and a bullish engulfing candle formed right near the trendline — adding further confirmation to this potential long setup.
This long setup presents a favorable risk/reward ratio within the context of the broader trend. Targeting a clean break above previous resistance and return to the R1 zone.
⚠️ DISCLAIMER: This is not financial advice. Trade at your own risk and always use proper risk management
Trade closed: target reached
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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.
🔥 Top indicators I personally use 👇
tinyurl.com/3dh9em7m
tinyurl.com/3dh9em7m
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.