Is BTC Ready for the Next Uptrend After a Small Pullback to the 0.236 Fib Level (~103K)?
A potential 10:1 risk-to-reward setup is forming. BTC has already printed a higher low (HL) on the weekly chart and is currently trading above both the weekly and monthly opens — a strong sign of bullish momentum.
Setup Details:
Entry: 106670
Stop Loss: 103000
Target: 144000
Risk-to-Reward: 10:1
This setup is shared for educational purposes only. Always do your own research and manage risk accordingly.
A potential 10:1 risk-to-reward setup is forming. BTC has already printed a higher low (HL) on the weekly chart and is currently trading above both the weekly and monthly opens — a strong sign of bullish momentum.
Setup Details:
Entry: 106670
Stop Loss: 103000
Target: 144000
Risk-to-Reward: 10:1
This setup is shared for educational purposes only. Always do your own research and manage risk accordingly.
Trade active
Stop-loss was triggered. Re-entering the trade because Bitcoin is gaining momentum again, and it looks like a higher low has formed, signaling a potential next leg up.
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.