BTC Eyes 108800 After Triangle Validation📊 Cycle Structure:
HWC (Higher Wave Cycle): Bullish 🔼
MWC (Middle Wave Cycle): Ranging 🔁
LWC (Lower Wave Cycle): Weak Bearish 🔽
⛔ Note: This analysis is only for traders looking for long positions. If you're aiming for shorts, skip this one — I personally won’t short in this setup.
📐 Market Structure:
Bitcoin is currently forming an Expanding Triangle pattern on the 15-minute chart.
The third touch confirmed the validity of the triangle and triggered a strong bullish reaction, which is a good sign of structure strength.
🎯 Long Triggers & Strategy:
🔹 Trigger #1 (Riskier): Breakout above the descending trendline
⚠️ Not my favorite setup due to its shape, but it's still valid. If you use this trigger, manage your risk tightly.
🔹 Trigger #2 (Preferred): Breakout of 106467 resistance
✅ This level aligns with triangle breakout and offers a cleaner entry with better structure.
📌 Target:
In case of a successful breakout, price could push toward 108800, which is a strong resistance zone and a solid place for partial profit-taking.
📌 If there's a coin or pair you'd like me to analyze, drop it in the comments.
⚠️ Without proper risk management, you're just a ticking time bomb.
— PXA
