📈 #BTC Plan for July – Bullish Setup in Play
Bitcoin is forming a bull flag pattern on the daily chart — a classic setup that often leads to strong upward continuation when confirmed.
🔹 Key Indicators
• MACD is building positive momentum
• RSI is holding above 50
• Price is trading above the MA50 and the Ichimoku Cloud, indicating strong underlying support
📍 Strategy
We're buying here and will consider adding more near the key support zone:
$98,200 – $99,613
📈 Potential breakout targets (on confirmation):
🎯 $112,471
🎯 $116,880
🎯 $121,288
⚠️ Reminder
Always use a tight stop-loss and apply proper risk management.
Breakout confirmation with volume is crucial.
Bitcoin is forming a bull flag pattern on the daily chart — a classic setup that often leads to strong upward continuation when confirmed.
🔹 Key Indicators
• MACD is building positive momentum
• RSI is holding above 50
• Price is trading above the MA50 and the Ichimoku Cloud, indicating strong underlying support
📍 Strategy
We're buying here and will consider adding more near the key support zone:
$98,200 – $99,613
📈 Potential breakout targets (on confirmation):
🎯 $112,471
🎯 $116,880
🎯 $121,288
⚠️ Reminder
Always use a tight stop-loss and apply proper risk management.
Breakout confirmation with volume is crucial.
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.