🚀 Hey Traders! 👋
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
Bitcoin has been following a highly consistent rally-consolidation-breakout pattern over the last few weeks — each time breaking out with nearly +10% upside moves after forming solid accumulation zones. 📈
📊 Observational Pattern:
Let’s break it down:
Phase 1 (April 19–21)
Accumulation range:
82K–$84K
Breakout: ~11% gain to ~$93K
Phase 2 (April 25–May 7)
Range: ~$91K–$94K
Breakout: ~10% rally to ~$103.5K
Phase 3 (Current Zone: May 9–Now)
Range: ~$101K–$104K
Price is consolidating, showing signs of continuation.
🧠 What the Chart is Telling Us:
Bitcoin is forming a bullish continuation structure (like a stepping staircase) — a pattern often seen in strong trending markets.
Each green box (marked in chart) represents a clear demand zone followed by a breakout.
If this pattern repeats, we can expect a move towards $114K–$116K.
Invalidation Level: A daily close below $101K would break the rising support and flip sentiment short-term bearish.
✅ Summary:
Target: $114K–$116K
Invalidation: Daily close < $101K
⚠️ Trade with discipline. Let the chart confirm before aping in.
We’ll keep updating as the setup evolves — pin this for reference. 🧠
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
Bitcoin has been following a highly consistent rally-consolidation-breakout pattern over the last few weeks — each time breaking out with nearly +10% upside moves after forming solid accumulation zones. 📈
📊 Observational Pattern:
Let’s break it down:
Phase 1 (April 19–21)
Accumulation range:
82K–$84KBreakout: ~11% gain to ~$93K
Phase 2 (April 25–May 7)
Range: ~$91K–$94K
Breakout: ~10% rally to ~$103.5K
Phase 3 (Current Zone: May 9–Now)
Range: ~$101K–$104K
Price is consolidating, showing signs of continuation.
🧠 What the Chart is Telling Us:
Bitcoin is forming a bullish continuation structure (like a stepping staircase) — a pattern often seen in strong trending markets.
Each green box (marked in chart) represents a clear demand zone followed by a breakout.
If this pattern repeats, we can expect a move towards $114K–$116K.
Invalidation Level: A daily close below $101K would break the rising support and flip sentiment short-term bearish.
✅ Summary:
Target: $114K–$116K
Invalidation: Daily close < $101K
⚠️ Trade with discipline. Let the chart confirm before aping in.
We’ll keep updating as the setup evolves — pin this for reference. 🧠
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.