Breakout Candle Confirms Uptrend: Higher Levels in Sight for BTC

Sep 10

hello guys.

let's dive into the monthly time frame of btc analysis.


Breakout Confirmation:
The candle highlighted in yellow, initially suspected to be a "hunting candle," has not confirmed its status as such. With 6 subsequent candles failing to validate a hunting pattern, it is more likely a breakout candle indicating a continuation of the bullish trend.

Scenario Probability:
The more probable scenario suggests a continued upward movement, targeting the next significant resistance level above $72,000.
The scenario where the price touches the lower level (around $42,000) is less likely, given the strong bullish momentum and support levels seen in the recent price action.

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Sep 11

Note

short term idea:



target: $59926

Sep 14

Trade closed: target reached

the short-term signal hit the target: