$BTC
This chart shows a bullish breakout in Bitcoin (BTC/USDT) on the 4-hour timeframe.
Signal Explanation:
Model: Symmetrical Triangle
Breakout Direction: Up (Bullish)
Breakout Price: Approximately $105,456.65
Volume Confirmation: (not shown, but important for strength)
Signal:
BUY SIGNAL – Bitcoin has broken above the resistance line of the triangle. This indicates strong buying pressure and potential upward movement.
What to do:
🆙Entry (Buy): At the close of the breakout candle (ideally above $105,000)
🎯Target: Measure the height of the triangle and project upwards (expect a movement of ~$3,000–$5,000)
📛Stop-loss: Just below the breakout point or the last low (~$103,000)