BTCUSDT 30min Breakout Retest | Micro Wedge into Macro Confluenc
BTC 30m chart shows ascending wedge, followed by a bullish retest of prior resistance (now support ~107.4K). Price now consolidating just under diagonal resistance near 108.8K. EMAs are aligned bullish, volume surged during the breakout, and remains elevated—suggesting further upside potential.
🔄 Higher Timeframe Confluence
4H: Price pressing upper boundary of a rising wedge within a larger symmetrical pattern. Trendline pressure is real—either breakout above $109K or fade to $106.5K–$105K retest.
1D: Third touch on descending trendline from previous swing highs. Momentum building, and candles holding above EMAs. Breakout above $109.2K can trigger a move to $112K–114K (red expansion zone).
1W: Still inside a macro bull flag. Support from the 20 EMA is firm. Weekly close above ~$110K = confirmed flag breakout with target above $120K.
⚠️ Key Levels
Immediate Resistance: 108.8K → 109.2K → 110K
Support Zones: 107.4K → 106K → 104.5K
Bullish Targets: 110.8K → 113.5K → 114.8K
Invalidation (Short Bias Trigger): Break below 106K on volume
📌 Idea Summary
Micro breakout (30m) leading a potential macro breakout (4H/1D/W). Bulls control short-term trend. Eyes on volume follow-through above $109K. Rejection = potential revisit of 106K. Consolidation under resistance = breakout watch.
🔄 Higher Timeframe Confluence
4H: Price pressing upper boundary of a rising wedge within a larger symmetrical pattern. Trendline pressure is real—either breakout above $109K or fade to $106.5K–$105K retest.
1D: Third touch on descending trendline from previous swing highs. Momentum building, and candles holding above EMAs. Breakout above $109.2K can trigger a move to $112K–114K (red expansion zone).
1W: Still inside a macro bull flag. Support from the 20 EMA is firm. Weekly close above ~$110K = confirmed flag breakout with target above $120K.
⚠️ Key Levels
Immediate Resistance: 108.8K → 109.2K → 110K
Support Zones: 107.4K → 106K → 104.5K
Bullish Targets: 110.8K → 113.5K → 114.8K
Invalidation (Short Bias Trigger): Break below 106K on volume
📌 Idea Summary
Micro breakout (30m) leading a potential macro breakout (4H/1D/W). Bulls control short-term trend. Eyes on volume follow-through above $109K. Rejection = potential revisit of 106K. Consolidation under resistance = breakout watch.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
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.