Bitcoin 4-hour bullish side position Analysis

3 天前

This 4-hour chart of BTC/USD is representative of a bullish trading situation. Below is a breakdown of the chart and strategy

Price Action & Chart Pattern

Ascending Channel: Price is in an upward-sloping channel, showing bullish strength.

Several Tests of Resistance: Price has tested a few times the resistance level of 109,000–110,000 USD, showing strength and potential breakout.

Support Zone: Price has just bounced off a major support zone of 107,000–107,300 USD, upholding the bullish setup.

Trade Plan Breakdown
Entry Zone

Entry Price: ~109,000 USD

This is below resistance, looking for the breakout to continue.
Stop Loss

SL Level: 107,343 USD

Take Profit Targets

Target 1: Around 110,800 USD

Slightly above the present resistance.


Target 2: About 112,115 USD

Touches the "re-test again top high zone" and top of last major resistance.

✅ Bullish Confluences

Super trend (green line) confirms the upward bias.

Higher lows established, demonstrating bullish configuration.

Breakout capability from multiple resistance contacts.

Bias: Bullish

Trade Idea: Long on retest/breakout of resistance area

Risk-Reward: Good with stop loss below structure and targets at prior highs


Would you like me to do this in signal form or build alarms for this plan?

前天

交易結束：目標達成

congratulation guys our first resistance level based target 1 is achieved successfully running trade 140+pips current position 110400

entry setup from 109000

前天

註釋

and finally re test on top zone hit with 200+pips bullish move