Bitcoin (BTC/USD): 4H Triangle Breakout Signals Bullish Continuation
Hello TradingView,
On the 4-Hour (4H) timeframe, Bitcoin has convincingly completed a significant triangle consolidation pattern. This pattern, which typically signals a build-up of energy, has now resolved with a clear bullish breakout.
The price action over the last few days has been coiling, and we're now seeing strong confirmation as BTC pushes decisively above the triangle's upper trendline, ideally supported by robust volume. This indicates that the recent period of indecision has ended, and bulls are regaining control, setting the stage for the next upward move.
Crucial Invalidation Point: For this bullish setup to remain valid, Bitcoin must firmly hold above $102,664.54. A sustained close below this level on the 4H chart would invalidate our thesis and suggest that a deeper correction or re-evaluation is needed.
Outlook: With the breakout confirmed, we anticipate a push towards immediate resistance levels and potentially a retest of recent higher price points. Always manage your risk, and happy trading!
⚠️ Disclaimer:
Not financial advice. For educational and informational purposes only.
Do your own research (DYOR). Trading involves substantial risk; you can lose money.
Past performance is not indicative of future results.
Hello TradingView,
On the 4-Hour (4H) timeframe, Bitcoin has convincingly completed a significant triangle consolidation pattern. This pattern, which typically signals a build-up of energy, has now resolved with a clear bullish breakout.
The price action over the last few days has been coiling, and we're now seeing strong confirmation as BTC pushes decisively above the triangle's upper trendline, ideally supported by robust volume. This indicates that the recent period of indecision has ended, and bulls are regaining control, setting the stage for the next upward move.
Crucial Invalidation Point: For this bullish setup to remain valid, Bitcoin must firmly hold above $102,664.54. A sustained close below this level on the 4H chart would invalidate our thesis and suggest that a deeper correction or re-evaluation is needed.
Outlook: With the breakout confirmed, we anticipate a push towards immediate resistance levels and potentially a retest of recent higher price points. Always manage your risk, and happy trading!
⚠️ Disclaimer:
Not financial advice. For educational and informational purposes only.
Do your own research (DYOR). Trading involves substantial risk; you can lose money.
Past performance is not indicative of future results.
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.
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.