I don’t have much to say — it’s pretty straightforward.
We’ve got two potential structures on the chart:
✅ First, the symmetrical triangle that already broke out, aiming for a target around $958 to $1,000.
✅ Then we’ve got the “Adam & Eve” structure (gotta flex sometimes 😎), see it as a cup & handle pattern, aiming for a crazy $1,500 target. This one hasn’t broken out yet — but if the first triangle breakout plays out fully, it basically sets the stage for this one to break out too.
Some quick facts:
The bounce zone around ~$245 is a huge multi-timeframe confluence level.
Volume profile support is literally chilling right at $245.
Multiple moving averages are backing this move, even on lower timeframes than the "1M"
Triangle retest? Check.
0.786 fib support? Check.
(And to name a few)
Overall, the chart looks Fine to me.
Negative news might affect the short term, but the trend should stay intact.
Unless the macro changes.
That's it, that's the idea" - Good night !
We’ve got two potential structures on the chart:
✅ First, the symmetrical triangle that already broke out, aiming for a target around $958 to $1,000.
✅ Then we’ve got the “Adam & Eve” structure (gotta flex sometimes 😎), see it as a cup & handle pattern, aiming for a crazy $1,500 target. This one hasn’t broken out yet — but if the first triangle breakout plays out fully, it basically sets the stage for this one to break out too.
Some quick facts:
The bounce zone around ~$245 is a huge multi-timeframe confluence level.
Volume profile support is literally chilling right at $245.
Multiple moving averages are backing this move, even on lower timeframes than the "1M"
Triangle retest? Check.
0.786 fib support? Check.
(And to name a few)
Overall, the chart looks Fine to me.
Negative news might affect the short term, but the trend should stay intact.
Unless the macro changes.
That's it, that's the idea" - Good night !
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