Got it! Here's a structured trade idea for Bitcoin based on your trendline breakout scenario:
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Trade Setup: BTC/USDT
Buy Trigger: On breakout above $84,000 trendline (confirmation on candle close above)
1st Target: $88,000
2nd Target: $92,000 (assuming your 2nd target was meant to be different from the 1st)
---
Risk Management:
Stop Loss: Below breakout zone, around $82,000 – $82,500 (depending on volatility)
Risk-Reward:
For 1st Target: ~$4,000 upside / ~$1,500 downside = 2.5 R:R
For 2nd Target: ~$8,000 upside / ~$1,500 downside = 5.3 R:R
---
Notes:
Confirm breakout with volume to avoid fakeouts.
Look for RSI staying bullish or MACD crossing up.
If Bitcoin holds above 84K post-breakout, it could build a base for a move to ATH territory.
Want me to chart this setup or layer it with indicators like Fibonacci, RSI zones, or volume profiles?
---
Trade Setup: BTC/USDT
Buy Trigger: On breakout above $84,000 trendline (confirmation on candle close above)
1st Target: $88,000
2nd Target: $92,000 (assuming your 2nd target was meant to be different from the 1st)
---
Risk Management:
Stop Loss: Below breakout zone, around $82,000 – $82,500 (depending on volatility)
Risk-Reward:
For 1st Target: ~$4,000 upside / ~$1,500 downside = 2.5 R:R
For 2nd Target: ~$8,000 upside / ~$1,500 downside = 5.3 R:R
---
Notes:
Confirm breakout with volume to avoid fakeouts.
Look for RSI staying bullish or MACD crossing up.
If Bitcoin holds above 84K post-breakout, it could build a base for a move to ATH territory.
Want me to chart this setup or layer it with indicators like Fibonacci, RSI zones, or volume profiles?
Trade active
86.000 reachedNote
buy from 82k now successful reached 86000Note
keep hold in buy
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Related publications
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.