📊 Bitcoin Daily – Multi-Line Magnet in Play
Price, Time, and Structure Align
I’ve added a new trendline connecting the last two deep hits.
Technically, the second hit broke the old flag structure – but honestly, that’s not a real problem.
👉 The overall swing structure remains intact.
The new line now perfectly fits the current market rhythm.
What’s really interesting:
This new trendline converges exactly at the same magnetic zone I’ve been tracking – around 96,944 USD.
It aligns with the previous horizontal key level, the EMA projection, and the crosspoint I marked earlier.
This kind of multi-line confluence often acts like a price magnet.
👉 What I love about this setup:
If price really pushes into this zone, it would cleanly stab through the old flag structure – a typical panic trigger that shakes out many traders.
📌 Also worth noting: Another day has passed since my initial idea, and the current price action has technically proven that it’s possible to push lower.
The path to the target remains open.
👉 Stop-Loss Logic:
For this setup, the cold stop-loss sits just below the midline of the weekly Bollinger Band.
If this level gets broken, the overall structure is technically invalid.
But I wouldn’t place the stop directly on the midline – it’s smarter to give it a small buffer to survive potential liquidity sweeps.
Typically, this level doesn’t break cleanly on the first touch.
Let’s see how this plays out.
Price, Time, and Structure Align
I’ve added a new trendline connecting the last two deep hits.
Technically, the second hit broke the old flag structure – but honestly, that’s not a real problem.
👉 The overall swing structure remains intact.
The new line now perfectly fits the current market rhythm.
What’s really interesting:
This new trendline converges exactly at the same magnetic zone I’ve been tracking – around 96,944 USD.
It aligns with the previous horizontal key level, the EMA projection, and the crosspoint I marked earlier.
This kind of multi-line confluence often acts like a price magnet.
👉 What I love about this setup:
If price really pushes into this zone, it would cleanly stab through the old flag structure – a typical panic trigger that shakes out many traders.
📌 Also worth noting: Another day has passed since my initial idea, and the current price action has technically proven that it’s possible to push lower.
The path to the target remains open.
👉 Stop-Loss Logic:
For this setup, the cold stop-loss sits just below the midline of the weekly Bollinger Band.
If this level gets broken, the overall structure is technically invalid.
But I wouldn’t place the stop directly on the midline – it’s smarter to give it a small buffer to survive potential liquidity sweeps.
Typically, this level doesn’t break cleanly on the first touch.
Let’s see how this plays out.
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.