BTC/USD 1H Chart – Bull Flag Breakout in Play
Observing a potential bullish continuation setup on the 1H timeframe. After a strong impulsive move to the upside, BTC formed a downward-sloping consolidation (bull flag pattern). Price has now broken out of the upper trendline with strong momentum.
The breakout also occurred above a previous resistance zone (highlighted in red), which may now act as support. If the structure holds, the measured move target based on the flagpole could indicate further upside.
This is not financial advice. Chart shared for educational and technical analysis purposes only.
Observing a potential bullish continuation setup on the 1H timeframe. After a strong impulsive move to the upside, BTC formed a downward-sloping consolidation (bull flag pattern). Price has now broken out of the upper trendline with strong momentum.
The breakout also occurred above a previous resistance zone (highlighted in red), which may now act as support. If the structure holds, the measured move target based on the flagpole could indicate further upside.
This is not financial advice. Chart shared for educational and technical analysis purposes only.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.
FX|GOLD|CRYPTO| Clean Charts, Sniper Signals & Smart Risk Management. Telegram t.me/smarttrading072
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.