#Bitcoin has been moving in a downtrend, but the market structure is showing early signs of a potential reversal. On the 30-minute timeframe, #BTC is forming a harmonic pattern, which could trigger a strong bullish move once confirmed.
On the 15-minute timeframe, I’m watching for two key confirmations:
Bullish Divergence
Break and Retest of the Resistance Level (highlighted on the chart)
Once both conditions align, I’ll be looking to enter a long position on the retest, following proper risk management.
Patience is key — no early entries until confirmation!
What’s your view on this setup? Do you think #BTC will reverse soon or continue the downtrend? Drop your thoughts below!
#BTC #Bitcoin #Crypto #HarmonicPattern #TechnicalAnalysis #TradingSetup #PriceAction #CryptoTrading #TrendReversal
On the 15-minute timeframe, I’m watching for two key confirmations:
Bullish Divergence
Break and Retest of the Resistance Level (highlighted on the chart)
Once both conditions align, I’ll be looking to enter a long position on the retest, following proper risk management.
Patience is key — no early entries until confirmation!
What’s your view on this setup? Do you think #BTC will reverse soon or continue the downtrend? Drop your thoughts below!
#BTC #Bitcoin #Crypto #HarmonicPattern #TechnicalAnalysis #TradingSetup #PriceAction #CryptoTrading #TrendReversal
Trade active
Trade is active.
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.
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.