Hi guys!
Bullish Divergence
Bitcoin has recently formed a bullish divergence, which signals that selling pressure is weakening and buyers are stepping in.
Double Bottom Formation
A double bottom pattern is clearly visible, but the critical neckline resistance around $118,163 hasn’t been broken yet. This area is the key confirmation level.
Potential Breakout
Thanks to the bullish divergence, there’s a strong possibility that BTC will break above this neckline in the coming sessions.
Long Position Strategy
The safest long entry would be after the neckline breakout and a small pullback (correction) to confirm support. This reduces the risk of a false breakout.
Target Projection
If confirmed, the double bottom pattern projects a target around $124,600, offering a solid upside potential from the current levels.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Bullish Divergence
Bitcoin has recently formed a bullish divergence, which signals that selling pressure is weakening and buyers are stepping in.
Double Bottom Formation
A double bottom pattern is clearly visible, but the critical neckline resistance around $118,163 hasn’t been broken yet. This area is the key confirmation level.
Potential Breakout
Thanks to the bullish divergence, there’s a strong possibility that BTC will break above this neckline in the coming sessions.
Long Position Strategy
The safest long entry would be after the neckline breakout and a small pullback (correction) to confirm support. This reduces the risk of a false breakout.
Target Projection
If confirmed, the double bottom pattern projects a target around $124,600, offering a solid upside potential from the current levels.
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Dagangan aktif
Nota
it is runningDagangan ditutup: sasaran tercapai
You can close 70% of it hereNota
final target has been touched:
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Proud ThinkMarkets Ambassador -> Discover & Grow: bit.ly/Think-Markets
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
------
My recommended Exchange -> YEX: bit.ly/YEX-M
------
Telegram channel: t.me/melikatrader94
Forex channel: t.me/melikatrader94GoldForex
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.