BitcoinLong
BTC/USD - 15M Chart Analysis
So, here’s what I’m seeing on this setup.
Price recently made a Change of Character (ChoCH) to the upside after reacting off the 4-hour buy-side Point of Interest (POI) (the blue zone). That move gave a strong bullish push, showing that buyers are stepping in aggressively.
Now, after the break of structure, price retraced into a discount zone, tapping into a smaller premium zone within the demand area. That’s the confirmation I needed for a potential long entry.
The daily key level at 99,445 acted as a strong reaction zone, and we got another minor ChoCH, giving an extra confluence for bullish continuation.
I placed my entry around the premium zone, with stops just below the swing low (safe area in case of a liquidity grab). The target is set at 101,632, just before the next significant resistance, ensuring we secure profits before heavy sellers step in.
The overall idea is to ride the bullish momentum after the structure shift, aiming for the first Take Profit (TP1) before reevaluating. If momentum continues, we could look toward the daily resistance at 102,587 as the next major target.
Let’s see how this plays out! 🚀🔥
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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.