BTC Approaches Breakout Zone in Ascending Triangle – Key Resist,

22 Apr

📈 Chart Overview
Instrument: BTC/USD

Timeframe: Likely 4H or Daily

Indicators Used:

EMA 50 (Red) – 84,924.30

EMA 200 (Blue) – 85,558.47

🔍 Key Technical Observations
1. Ascending Triangle Formation
The chart shows a clear ascending triangle, a bullish continuation pattern.

Flat resistance zone: Around $88,700–$89,000.

Higher lows forming a solid upward sloping trendline, suggesting increasing buying pressure.

2. Price Above Key EMAs
Current price: $88,779.43, which is above both the 50 EMA and 200 EMA.

This indicates bullish momentum as price breaks above dynamic resistance levels.

3. Volume Consideration (Missing)
While volume is not visible on the chart, an ideal breakout from an ascending triangle should be accompanied by increasing volume to confirm validity.

🔄 Possible Scenarios
✅ Bullish Breakout
A confirmed breakout above $89,000 with strong volume can lead to a measured move toward:

Target = Triangle height ≈ $13,000 → Potential target: $101,500 – $102,000

Next resistance levels to watch: $92,000, $95,000, and $100,000 psychological zone.

❌ Fakeout or Rejection
If BTC gets rejected at resistance, watch for:

Retest of support trendline (~$86,000).

EMA 50 and 200 as dynamic support around $84,900–$85,500.

Breakdown below the trendline may signal a short-term correction to $80,000–$82,500.

📊 Conclusion
BTC is at a crucial decision point. The ascending triangle suggests bullish potential, but a breakout confirmation is essential. Price is above both major EMAs, signaling strength, but a rejection from resistance could invite short-term bears.

22 Apr

Dagangan aktif

great work btc and now see for further upside and make sure the target 100000$

24 Apr

Dagangan ditutup: sasaran tercapai