BTCUSD is currently forming a high-quality ascending triangle on the 30-minutes timeframe.
We see a flat resistance line capping price at the top, while higher lows continue to compress buyers into the level.
This structure is a classic accumulation pattern, signaling the potential for a strong bullish breakout.
Market structure is showing clear higher lows supporting the price base.
This indicates buying interest is consistently absorbing supply near resistance.
Volume analysis also suggests declining selling pressure into resistance, a typical precursor to breakout moves.
Trade Plan:
1.Wait for a confirmed breakout above the flat resistance level.
2.Entry only after a strong bullish candle close outside the triangle.
3.Place stop-loss below the most recent higher low within the triangle for controlled risk.
4.Scale partial profits at intermediate resistance zones.
5.Final target at higher timeframe key resistance level for maximum potential.
Key Notes:
1.Patience is non-negotiable. Avoid early entries inside the pattern.
2.Confirmation is critical—breakout with volume and clear close needed.
3.Risk management is essential: define stops and sizing before entry.
4.This setup aligns with smart money principles of compression → expansion.
Like, comment, share & follow for more trade ideas.
We see a flat resistance line capping price at the top, while higher lows continue to compress buyers into the level.
This structure is a classic accumulation pattern, signaling the potential for a strong bullish breakout.
Market structure is showing clear higher lows supporting the price base.
This indicates buying interest is consistently absorbing supply near resistance.
Volume analysis also suggests declining selling pressure into resistance, a typical precursor to breakout moves.
Trade Plan:
1.Wait for a confirmed breakout above the flat resistance level.
2.Entry only after a strong bullish candle close outside the triangle.
3.Place stop-loss below the most recent higher low within the triangle for controlled risk.
4.Scale partial profits at intermediate resistance zones.
5.Final target at higher timeframe key resistance level for maximum potential.
Key Notes:
1.Patience is non-negotiable. Avoid early entries inside the pattern.
2.Confirmation is critical—breakout with volume and clear close needed.
3.Risk management is essential: define stops and sizing before entry.
4.This setup aligns with smart money principles of compression → expansion.
Like, comment, share & follow for more trade ideas.
Trade closed: target reached
BTCUSD – Target Fully Reached ✅The BTCUSD breakout from the ascending triangle has hit our final target.
📈 300 pips profit booked exactly as planned.
Textbook price action, clean breakout, and strong follow-through.
Congratulations to all my followers who followed the setup and managed the trade with discipline.
Another high-probability move executed to perfection.
Stay sharp. More quality setups coming soon.
Like, comment, share & follow for more premium trade ideas.
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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.
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.