BTC COIN SIGNAL ALERT
SIGNAL TYPE : LONG
COIN NAME: $BTC
1) This chart is a technical analysis of Bitcoin (BTC/USDT) on the 1-hour timeframe, showing a potential long trade setup based on a breakout from a consolidation pattern. Here’s a detailed explanation Recently, there was a breakout above the upper trendline of the triangle with a sharp upward spike.Price was consolidating between support (ascending trendline) and resistance (horizontal/descending trendline). The breakout happened with a significant bullish candle, showing strong buying momentum. Price surged upwards quickly, but then retraced slightly, now testing the breakout level as support. RSI surged above 64, indicating strong momentum but is now showing signs of a minor pullback or consolidation. MACD lines are above zero and showing bullish alignment (blue line above orange line), confirming the bullish momentum.
2) This chart represents Market Cap USDT Dominance (%) on a daily timeframe and highlights a potential head and shoulders pattern, which is typically a bearish reversal pattern, not a bullish (long) trade setup. Let me break it down .The pattern is clearly marked with the blue lines. The neckline is drawn as a white horizontal support line. After the head formation, price broke below the neckline, signaling a bearish breakdown. The price has been moving inside a descending channel (blue shaded area). The price has been moving inside a descending channel (blue shaded area).
ENTRY PRICE :104276.19 (or market price)
1st tp: 105309.46
2nd tp: 106793.64
3rd tp: 107663.35
SL : IS YOUURE
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