In today’s analysis, I’m sharing a Bullish setup on BTC/USD using the 1-hour timeframe(Coinbase Broker). This trade is based on pure price action and structure, supported by strong bullish momentum.
Market Overview:
The BTC/USD pair has been trending strongly to the upside. On this 1-hour chart, we observed a clear series of higher highs and higher lows, signaling bullish control. Price broke above a significant previous structure resistance, showing that buyers were dominating and the market was primed for continuation.
Summary:
BTC/USD | 1h (123235.44) – Bullish continuation after a breakout and retest(inducement).
SL below structure (121816.88).
TP targeting a break of the current All-time high(124416.65).
What do you think about this trade? Drop your thoughts in the comments!
Market Overview:
The BTC/USD pair has been trending strongly to the upside. On this 1-hour chart, we observed a clear series of higher highs and higher lows, signaling bullish control. Price broke above a significant previous structure resistance, showing that buyers were dominating and the market was primed for continuation.
Summary:
BTC/USD | 1h (123235.44) – Bullish continuation after a breakout and retest(inducement).
SL below structure (121816.88).
TP targeting a break of the current All-time high(124416.65).
What do you think about this trade? Drop your thoughts in the comments!
Trade closed: target reached
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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.
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.