Bitcoin Trend – Breakout from the Downward Channel
Hello traders,
BTC has broken out of its descending channel with a very strong candle, moving exactly as expected in the corrective rally. At present, price is reacting around 117k, which confirms a shift in structure. For the medium term, the primary trend should now be considered bullish. Traders can look for pullbacks around 114.5k – 113k to add fresh long positions.
From an Elliott Wave perspective, BTC is moving within the final ABC structure. The current move is wave B, and we will be looking to position long once wave C completes.
Target for this long scenario: 120k – 121k, where a mild correction may occur as liquidity is taken.
This is my personal outlook on Bitcoin. Always follow price closely and manage your account carefully to stay safe.
What’s your view on BTC’s breakout? Share your thoughts in the comments so we can trade better together.
Hello traders,
BTC has broken out of its descending channel with a very strong candle, moving exactly as expected in the corrective rally. At present, price is reacting around 117k, which confirms a shift in structure. For the medium term, the primary trend should now be considered bullish. Traders can look for pullbacks around 114.5k – 113k to add fresh long positions.
From an Elliott Wave perspective, BTC is moving within the final ABC structure. The current move is wave B, and we will be looking to position long once wave C completes.
Target for this long scenario: 120k – 121k, where a mild correction may occur as liquidity is taken.
This is my personal outlook on Bitcoin. Always follow price closely and manage your account carefully to stay safe.
What’s your view on BTC’s breakout? Share your thoughts in the comments so we can trade better together.
🔥 BrianLionCapital – Where Top Traders Unite
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+9B0zBuS1rboxZTY1
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+9B0zBuS1rboxZTY1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔥 BrianLionCapital – Where Top Traders Unite
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+9B0zBuS1rboxZTY1
✅ Accurate signals & exclusive analysis: 10–15 signals daily with continuous market insights
⏳ Every minute you hesitate is a winning opportunity slipping away!
t.me/+9B0zBuS1rboxZTY1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.