#Bitcoin is setting up for a potential bullish breakout!
On the 15-minute time frame, #BTC is forming a classic #AB=CD pattern, a strong harmonic signal for a continuation move. Additionally, price has just rejected the 0.618 Fibonacci retracement level, confirming buying pressure from this key zone.
Key Observations:
🔹 Uptrend Intact – Higher highs and higher lows ✅
🔹 AB=CD Completion – Potential bullish price reaction ✅
🔹 0.618 Fib Rejection – Strong demand zone ✅
🔹 Resistance Level Ahead – Awaiting breakout confirmation
Trading Plan:
If #BTC breaks above the resistance level, I’ll be looking for a long trade setup with proper risk management.
🔹 Invalidation: If #BTC breaks below the Fib level, I’ll reassess my bias.
🔹 What are your thoughts? Will #BTC break out or face rejection? Drop your opinions in the comments!
🔹 Like, Comment & Follow for more trade setups and market insights!
On the 15-minute time frame, #BTC is forming a classic #AB=CD pattern, a strong harmonic signal for a continuation move. Additionally, price has just rejected the 0.618 Fibonacci retracement level, confirming buying pressure from this key zone.
Key Observations:
🔹 Uptrend Intact – Higher highs and higher lows ✅
🔹 AB=CD Completion – Potential bullish price reaction ✅
🔹 0.618 Fib Rejection – Strong demand zone ✅
🔹 Resistance Level Ahead – Awaiting breakout confirmation
Trading Plan:
If #BTC breaks above the resistance level, I’ll be looking for a long trade setup with proper risk management.
🔹 Invalidation: If #BTC breaks below the Fib level, I’ll reassess my bias.
🔹 What are your thoughts? Will #BTC break out or face rejection? Drop your opinions in the comments!
🔹 Like, Comment & Follow for more trade setups and market insights!
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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.