#BITCOIN ⟶ POTENTIAL FOR SIGNIFICANT GROWTH!!
🔥#BITCOIN / ⏱15-Minute Timeframe
👉Given the sharp decline followed by a slow recovery in the form of an bullish channel, there was a possibility of a continued decline towards the previously mentioned targets.
‼️However, after breaking the bullish channel downwards and issuing a sell signal, BITCOIN grew, and patterns neutralizing this sell signal were observed❌
👉Moreover, today BITCOIN is trading above its daily support of 59047.69.
🚀Based on this, the current scenario is bullish.
✅Bitcoin is growing based on one of the following plans:
💰Plan 1: Growth based on a cup pattern.
Confirmation of growth based on this scenario is the breakdown of the 5-minute timeframe bearish channel (note that this breakdown has occurred, and a buy signal has been given based on this plan).
💰Plan 2: Growth based on an ascending triangle.
If Plan 1 is canceled and the decline deepens, BITCOIN has another chance to make a bottom around the daily support of 59047.69 and start its growth based on the ascending triangle.
🎯BITCOIN's growth targets:
🚀Target 1: 60220.56
🚀🚀Target 2: 61416.73
🚀🚀🚀Target 3: 62335.77-62731.31
❌The stop-loss for this bullish scenario is the breakdown of the daily support of 62731.31 on the 15-minute timeframe. If this happens, BITCOIN will enter a new bearish phase.
👉Given the sharp decline followed by a slow recovery in the form of an bullish channel, there was a possibility of a continued decline towards the previously mentioned targets.
‼️However, after breaking the bullish channel downwards and issuing a sell signal, BITCOIN grew, and patterns neutralizing this sell signal were observed❌
👉Moreover, today BITCOIN is trading above its daily support of 59047.69.
🚀Based on this, the current scenario is bullish.
✅Bitcoin is growing based on one of the following plans:
💰Plan 1: Growth based on a cup pattern.
Confirmation of growth based on this scenario is the breakdown of the 5-minute timeframe bearish channel (note that this breakdown has occurred, and a buy signal has been given based on this plan).
💰Plan 2: Growth based on an ascending triangle.
If Plan 1 is canceled and the decline deepens, BITCOIN has another chance to make a bottom around the daily support of 59047.69 and start its growth based on the ascending triangle.
🎯BITCOIN's growth targets:
🚀Target 1: 60220.56
🚀🚀Target 2: 61416.73
🚀🚀🚀Target 3: 62335.77-62731.31
❌The stop-loss for this bullish scenario is the breakdown of the daily support of 62731.31 on the 15-minute timeframe. If this happens, BITCOIN will enter a new bearish phase.
Note
Hi Guys🤚
🚀#BITCOIN followed yesterday's plan and hit the first target, but missed the second🤏
💰Ultimately, based on the confirmation of the cup and handle pattern, we were able to achieve a risk-reward ratio of 5.5
⁉️Question: What could this drop mean?
Is it the beginning of a larger decline, or can we expect another bull-trend🧐
🎉I've explained this in more detail in an upcoming update
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.