Hi!
BTC is developing a well-proportioned Cup formation on the 15-minute timeframe, signaling a constructive recovery after the recent decline. The rounded base reflects gradual absorption of supply rather than panic selling, which is a healthy characteristic of continuation structures.
Following the impulsive breakout from the right side of the cup, the price entered a short-term consolidation below resistance, forming a mild pullback. This retracement is technically logical and currently aligns with the rising trendline, which acts as dynamic support. Such pullbacks often serve as momentum resets rather than reversals, provided structure remains intact.
The highlighted supply zone above the price explains the temporary hesitation. Acceptance above this zone would confirm strength and open the path toward the 90,200–90,600 area, matching the projected continuation from the cup structure.
Overall, this is a technically logical setup favoring continuation, with well-defined risk and invalidation.
BTC is developing a well-proportioned Cup formation on the 15-minute timeframe, signaling a constructive recovery after the recent decline. The rounded base reflects gradual absorption of supply rather than panic selling, which is a healthy characteristic of continuation structures.
Following the impulsive breakout from the right side of the cup, the price entered a short-term consolidation below resistance, forming a mild pullback. This retracement is technically logical and currently aligns with the rising trendline, which acts as dynamic support. Such pullbacks often serve as momentum resets rather than reversals, provided structure remains intact.
The highlighted supply zone above the price explains the temporary hesitation. Acceptance above this zone would confirm strength and open the path toward the 90,200–90,600 area, matching the projected continuation from the cup structure.
Overall, this is a technically logical setup favoring continuation, with well-defined risk and invalidation.
Trade geschlossen: Ziel wurde erreicht
the short term target touched, but the long position failed!
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📊 AVATrade Ambassador Join & explore:
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.