BTC/USDT – 15-Min Decision Zone
📅 19 May 2025 | Binance Spot
📊 Context
BTC has broken out of a descending wedge but is now testing a major decision area. Price is sitting between high-volume support and resistance zones.
🔄 Scenario 1 – Bullish Continuation
- Break and close above $105,200
- Watch for volume >2x average
- Possible move to $106,500 (weekly ATH close)
⚠️ Scenario 2 – Failed Breakout
- Rejection below $103,800
- Potential fall toward $102,000 (4H 200-MA + psych level)
🧭 Indicators on Chart:
- RSI > 50 but not overbought
- MACD flattening – watch for bullish flip
- ATR increased → volatility expanding
- Volume Profile shows POC near $104,200
No trade advice – purely observational setup. Chart shows both directional possibilities.
📅 19 May 2025 | Binance Spot
📊 Context
BTC has broken out of a descending wedge but is now testing a major decision area. Price is sitting between high-volume support and resistance zones.
🔄 Scenario 1 – Bullish Continuation
- Break and close above $105,200
- Watch for volume >2x average
- Possible move to $106,500 (weekly ATH close)
⚠️ Scenario 2 – Failed Breakout
- Rejection below $103,800
- Potential fall toward $102,000 (4H 200-MA + psych level)
🧭 Indicators on Chart:
- RSI > 50 but not overbought
- MACD flattening – watch for bullish flip
- ATR increased → volatility expanding
- Volume Profile shows POC near $104,200
No trade advice – purely observational setup. Chart shows both directional possibilities.
Trade closed: target reached
Update to BTC/USDT – 15-Min Decision ZoneReason Chosen on TradingView: 2. Close Target Reached
Detailed Update:
📅 20 May 2025 | Binance Spot
Update Context:
Our previous "Decision Zone" idea saw bullish continuation as anticipated in Scenario 1. BTC successfully broke and closed above $105,200 on May 20th at approximately 01:00 UTC, reaching our target of $106,500 and even pushing higher to $106,789. This confirms the initial bullish breakout from the descending wedge.
Price Action Since Last Update:
After hitting our target, BTC experienced a pullback to the $104,500 zone. This was a healthy correction after the initial strong move. However, the price has since shown renewed strength, pushing back towards the $106,000 zone as of 17:00 UTC on May 20th. This indicates continued bullish sentiment and a potential retest of the recent highs.
Analysis of Current Situation:
The initial target of $106,500 was reached, validating the "Bullish Continuation" scenario. The subsequent pullback and current rebound suggest that the $104,500 zone is acting as support. The fact that price is again pushing higher indicates that bulls are maintaining control, even after the initial profit-taking.
Next Steps/Observations:
Continued Strength: Watch for a sustained break and close above $106,500. If this occurs, it could open the door for further upward movement.
Support Confirmation: The $104,500 zone now appears to be a key support level. A decisive break below this would be a bearish signal and could invalidate the current bullish momentum.
Volume: Continue to monitor volume. Strong volume on upward moves and lower volume on pullbacks would be constructive for a sustained uptrend.
Outcome Summary:
The initial bullish target of $106,500 was successfully reached, confirming the "Bullish Continuation" scenario. The subsequent price action has shown resilience, with a bounce from the $104,500 support zone and a renewed push towards higher levels.
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.