BTC/USDT: Ascending Triangle with Clear Take Profit Targets
In my latest analysis of the BTC/USDT pair on the 4-hour chart, I've identified an ascending triangle pattern forming with clear take profit levels for both long and short positions. The price is currently consolidating and poised for a breakout.
#### Key Points:
- **Current Price:** $60,304.8
- **Long TP Levels:**
- **1H:** $68,597.1
- **5M:** $66,078.9
- **5M:** $64,507.3
- **1M:** $64,092.1
- **Short TP Levels:**
- **4H:** $40,639.6
- **D:** $33,335.6
- **D:** $30,056.9
The price is expected to hit these take profit levels, aligning with the trend lines and support/resistance zones shown in the chart. Keep an eye on the breakout direction and adjust your positions accordingly.
Trade safely and happy trading! 🚀📈
#BTC #Bitcoin #Crypto #Trading #TechnicalAnalysis #CryptoTrading #TradingView
#### Key Points:
- **Current Price:** $60,304.8
- **Long TP Levels:**
- **1H:** $68,597.1
- **5M:** $66,078.9
- **5M:** $64,507.3
- **1M:** $64,092.1
- **Short TP Levels:**
- **4H:** $40,639.6
- **D:** $33,335.6
- **D:** $30,056.9
The price is expected to hit these take profit levels, aligning with the trend lines and support/resistance zones shown in the chart. Keep an eye on the breakout direction and adjust your positions accordingly.
Trade safely and happy trading! 🚀📈
#BTC #Bitcoin #Crypto #Trading #TechnicalAnalysis #CryptoTrading #TradingView
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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.