I'm seeing a potential bullish continuation pattern forming on the BTC/USDT 4H chart. After a strong upward trend, price is currently in a consolidation zone with a likely correction toward the $95,600–$96,000 area, which aligns with both pivot support and the rising trendline.
Key points from my analysis:
Support zone: $95,600–$96,000 (confluence of pivot point and ascending trendline)
Resistance targets:
R1: $97,272
R2: $98,050
R3: $99,308
Momentum: Stochastic RSI near overbought → suggests short-term pullback, then potential continuation.
Volume: No major distribution, bullish momentum remains intact.
📈 I expect a minor dip followed by continuation to R2 or R3, provided the $95,600 support holds.
Stop-loss idea: Below $94,756 (S1)
Take-profit zones: Partial at
98K, rest near $99.3K
------------ManOf87_Pro Indicator--------------------
A powerful trading tool combining ATR-based trend detection, Fibonacci pivots, Fair Value Gaps (FVG), engulfing patterns, and multi-factor confirmations (MA, RSI, Bollinger Bands, volume, Z-Score, ROC).
*Buy Signal: Triggers when the trend shifts bullish (price exceeds ATR-based short stop), with strong buy signals requiring additional trend, momentum, and volume confirmation.
*Sell Signal: Triggers when the trend turns bearish (price falls below ATR-based long stop), with strong sell signals needing similar confirmations.
-Ideal for trend-following and breakout strategies, customizable for various markets and timeframes.
Key points from my analysis:
Support zone: $95,600–$96,000 (confluence of pivot point and ascending trendline)
Resistance targets:
R1: $97,272
R2: $98,050
R3: $99,308
Momentum: Stochastic RSI near overbought → suggests short-term pullback, then potential continuation.
Volume: No major distribution, bullish momentum remains intact.
📈 I expect a minor dip followed by continuation to R2 or R3, provided the $95,600 support holds.
Stop-loss idea: Below $94,756 (S1)
Take-profit zones: Partial at
98K, rest near $99.3K------------ManOf87_Pro Indicator--------------------
A powerful trading tool combining ATR-based trend detection, Fibonacci pivots, Fair Value Gaps (FVG), engulfing patterns, and multi-factor confirmations (MA, RSI, Bollinger Bands, volume, Z-Score, ROC).
*Buy Signal: Triggers when the trend shifts bullish (price exceeds ATR-based short stop), with strong buy signals requiring additional trend, momentum, and volume confirmation.
*Sell Signal: Triggers when the trend turns bearish (price falls below ATR-based long stop), with strong sell signals needing similar confirmations.
-Ideal for trend-following and breakout strategies, customizable for various markets and timeframes.
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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.