Hello guys!
Bitcoin continues to respect the bullish structure within its ascending channel, and we just got a clean breakout from a textbook bull flag.
After a solid move higher earlier this month, BTC cooled off inside a tight flag pattern, consolidating above $106K. That pullback helped reset momentum, and now we’ve broken out with conviction.
You can read about it here:
We’re currently hovering around $ 109.8 K. A short-term retest of the breakout zone near $108K–$108.5K wouldn’t be surprising. it could even offer a great entry opportunity before the next leg up.
If momentum holds, the projected target from this flag pattern lands in the $113.5K–$114K zone.
watch these:
Bias remains bullish unless we lose the channel structure.
Bitcoin continues to respect the bullish structure within its ascending channel, and we just got a clean breakout from a textbook bull flag.
After a solid move higher earlier this month, BTC cooled off inside a tight flag pattern, consolidating above $106K. That pullback helped reset momentum, and now we’ve broken out with conviction.
You can read about it here:
We’re currently hovering around $ 109.8 K. A short-term retest of the breakout zone near $108K–$108.5K wouldn’t be surprising. it could even offer a great entry opportunity before the next leg up.
If momentum holds, the projected target from this flag pattern lands in the $113.5K–$114K zone.
watch these:
- Support: $107.5K–$108.5K
- Target: $114K
- Invalidation: Break below $107K
Bias remains bullish unless we lose the channel structure.
Trade active
The blue is touched, and the long position is activated!
If you enter with my analysis probably you get your first target now!
Note
$111264 i sthe next target!
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
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.