BTC trading plan
Updated
Bull Flag: On the daily timeframe, I’m observing a bull flag formation. Since late December, the price has been moving within a descending channel, acting as a corrective wave after a strong rally. If there is a confirmed breakout above the upper boundary of this channel with sufficient volume, it could signal a continuation of the long-term uptrend.
MACD (12,26,9): The MACD indicator suggests a potential bullish divergence. The histogram is slowly turning positive, and the signal line appears ready to cross above the zero level. This would confirm increasing momentum and support a possible price breakout.
Key S/R Level: The 77,000–80,000 USDT zone looks like a crucial support area, where the price has bounced several times in the past. If BTC does retrace, this zone could act as a strong support.
Final Target at 135,000 USDT: In the event of a successful breakout and continued rally, the price may reach the final target of 135,000 USDT. This target is derived from a combination of price action, trend channel analysis, and Fibonacci levels.
Risks: As always, remember to protect your capital with proper risk management. Technical analysis is never a guarantee of profit—markets can always move the opposite way.
If you like (or disagree with) this idea, please share your thoughts in the comments!
MACD (12,26,9): The MACD indicator suggests a potential bullish divergence. The histogram is slowly turning positive, and the signal line appears ready to cross above the zero level. This would confirm increasing momentum and support a possible price breakout.
Key S/R Level: The 77,000–80,000 USDT zone looks like a crucial support area, where the price has bounced several times in the past. If BTC does retrace, this zone could act as a strong support.
Final Target at 135,000 USDT: In the event of a successful breakout and continued rally, the price may reach the final target of 135,000 USDT. This target is derived from a combination of price action, trend channel analysis, and Fibonacci levels.
Risks: As always, remember to protect your capital with proper risk management. Technical analysis is never a guarantee of profit—markets can always move the opposite way.
If you like (or disagree with) this idea, please share your thoughts in the comments!
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