BTC/USD) breakout up trand analysis Read The Chaptian

13 Apr

Mr SMC Trading point update



bullish analysis of Bitcoin (BTC/USD) on the 4-hour timeframe, showing a potential breakout and rally scenario. breakdown:


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1. Market Structure:

Downtrend Channel: Price has been moving within a falling channel.

Double Bottom Pattern: Marked by two green arrows — a bullish reversal signal.

Breakout Attempt: Price is testing the upper trendline and 200 EMA (~$83,952), suggesting possible breakout.



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2. Key Zones:

FVG (Fair Value Gap): Around $78,678 — a demand zone where price could retest before moving higher.

Breakout Confirmation Zone: ~$85,130 — breaking above this with volume signals strength.

Target Point: $95,206 — an upside target projecting ~31.77% gain from the breakout.



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3. Indicators:

200 EMA: Currently acting as resistance. Break above it confirms bullish momentum.

RSI: Around 60 — pointing upward with bullish divergence from recent lows, showing increasing buying pressure.



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4. Scenarios:

Scenario 1 (Bullish Continuation):

Breaks above trendline and 200 EMA.

Retest (optional) and then heads toward $95,206 target.


Scenario 2 (Retest First):

Price dips into the FVG/demand zone.

Finds support and launches upwards, confirming a strong base.


Mr SMC Trading point


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Summary of the Idea:

This is a buy setup on breakout or on pullback:

Aggressive Entry: Break and close above $85,130.

Safe Entry: Pullback into $78,678 area (FVG).

Target: $95,206

Risk Zone: Below $78,000 (invalidates bullish structure).



Pales support boost 🚀 analysis follow)

23 Apr

Dagangan ditutup: sasaran tercapai

target point done