Timeframe: 4H
Exchange: Coinbase
Strategy: Triangle Breakout + Wave Cycle Analysis
🔍 Technical Overview:
BTC is currently compressing within a symmetrical triangle pattern after completing a 5-wave cycle, suggesting a potential breakout is near. This structure indicates indecision — but also builds up momentum for a major move.
🔹 Wave Analysis: Complete cycle (1-5) within triangle
🔹 Support Zone: 115,697 (critical level — demand zone)
🔹 Resistance Breakout Target: 127,594 (measured move from triangle breakout)
🔹 Entry Point: Confirmed breakout above the triangle resistance (~118,500)
🔹 Invalidation: Strong 4H close below 115,697 = setup invalid
🔹 Risk/Reward: Favorable — breakout above resistance could trigger a strong bullish wave
🟢 Bullish Plan:
Entry: Break + Retest of upper trendline (~118,500)
Stop Loss: Below 115,697
Target 1: 122,800
Target 2: 126,384
Full TP: 127,594
🔴 Bearish Warning:
⚠️ “If price breaks the red support zone (115,697), BTC could drop sharply — possibly toward the 100K level and beyond.”
— a key invalidation level to monitor closely.
🧠 Conclusion:
This is a classic consolidation-to-breakout setup. Monitor volume and breakout confirmation before entering. If bullish momentum holds, this swing trade has great long-term potential.
💬 What do you think? Will BTC break bullish or drop to 100K? Drop your thoughts 👇
📌 Follow for real-time updates and future chart ideas!
Exchange: Coinbase
Strategy: Triangle Breakout + Wave Cycle Analysis
🔍 Technical Overview:
BTC is currently compressing within a symmetrical triangle pattern after completing a 5-wave cycle, suggesting a potential breakout is near. This structure indicates indecision — but also builds up momentum for a major move.
🔹 Wave Analysis: Complete cycle (1-5) within triangle
🔹 Support Zone: 115,697 (critical level — demand zone)
🔹 Resistance Breakout Target: 127,594 (measured move from triangle breakout)
🔹 Entry Point: Confirmed breakout above the triangle resistance (~118,500)
🔹 Invalidation: Strong 4H close below 115,697 = setup invalid
🔹 Risk/Reward: Favorable — breakout above resistance could trigger a strong bullish wave
🟢 Bullish Plan:
Entry: Break + Retest of upper trendline (~118,500)
Stop Loss: Below 115,697
Target 1: 122,800
Target 2: 126,384
Full TP: 127,594
🔴 Bearish Warning:
⚠️ “If price breaks the red support zone (115,697), BTC could drop sharply — possibly toward the 100K level and beyond.”
— a key invalidation level to monitor closely.
🧠 Conclusion:
This is a classic consolidation-to-breakout setup. Monitor volume and breakout confirmation before entering. If bullish momentum holds, this swing trade has great long-term potential.
💬 What do you think? Will BTC break bullish or drop to 100K? Drop your thoughts 👇
📌 Follow for real-time updates and future chart ideas!
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.