BTC/USD - Broke Through Ascending Price Channel! Target 11.5K!

Hello future millionaires!

BTC just broke above a key resistance zone and is currently consolidating above it. I am looking to long to 11.5K from here. There is strong institutional order flow at the 11.5K weekly resistance zone, so be prepared for a pullback, or possible reversal.

You can see BTC consolidating above this yellow ascending price channel, which is looking bullish.

Hoping to get a pullback for a perfect entry, but willing to jump the gun if things are looking bullish!

Looking for a daily close above the top side of the price channel. Let's go bullz!

It's not what I want to hear either, as I'd rather keep my moon boots on; however, it is prudent to keep the downside in mind as well!

Please leave a like if you find value in this post and leave a comment if it would please you! It is a really quick and effective way to show your support and helps keep me motivated to share more with the community! Thank you and have a wonderful day!


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Entry: 10820.0
Entry Zone: 10715-10925

T1: 10970
T2: 11150
T3: 11250
T4: 11333
T5: 11495.5

Stop: 10601.0

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R:R: 3.08
Risk: 2.02%
Reward: 6.24%
Leverage: 12X
Leveraged Risk: 24.24%
Leveraged Reward: 74.88%


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This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.

Komentar:

I have had this price channel charted for a long time, so I know other are watching it if we see a break above it followed by a consolidation on the lower time frames:

Komentar:

Oh yeah baby! The bullz are in town! Let's go to the moon! Down with fiat currency! Bitcoin and crypto for the people!

Komentar:

The bullz are back in tow, the bullz are back in town...

T1: 10970 - HIT!!! (16.63% Gain)
T2: 11150 - HIT!!! (37% Gain)
T3: 11250 - Nearly HIT!!! (Will be a 47.69% Gain)

Let's get this crypto!

Komentar:

Follow us now for regular technical analysis for all the hot cryptos in the cryptosphere! Let's get this crypto! <3 <3 <3

Komentar:

We done did it again! 56.89% gain within an hour! Trading is so much fun. Very thankful for the abundance today! Sending much love and peace to all!

T1: 10970 - HIT!!! (16.63% Gain)
T2: 11150 - HIT!!! (37% Gain)
T3: 11250 - HIT!!! (47.69% Gain)
T4: 11333 - HIT!!! (56.89% Gain)

Komentar:

BTC local high hit? Time will tell! So much fun in the markets! Best of luck traders!

Komentar:

I'm watching 11.5K very closely! If we start closing weekly candles above that level, I will be looking for a move to $13,640, then $16,225, then new all time highs!

Regardless of where we're headed from here, I'll be charting it along the way, so follow us now for regular cryto technical analysis!

Let's get this crypto!

Komentar:

Target 5 HIT! All targets achieved!

T5: 11495.5 - HIT!!! (74.92% Gain!)

Let's get this crypto!