"Bitcoin Poised for New Uptrend After Bull Flag Breakout Retest"
Bitcoin appears ready to begin a new uptrend after successfully retesting the breakout from a bull flag pattern and completing consolidation above key support.
This setup offers a 2.7:1 risk-to-reward ratio, with the following trade parameters:
Entry: $109,965.79
Stop Loss: $106,300
Target: $120,000
Bitcoin appears ready to begin a new uptrend after successfully retesting the breakout from a bull flag pattern and completing consolidation above key support.
This setup offers a 2.7:1 risk-to-reward ratio, with the following trade parameters:
Entry: $109,965.79
Stop Loss: $106,300
Target: $120,000
Trade closed manually
Trade exited. Bullish momentum is fading — now it's time to wait patiently for the next opportunity.
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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.