#BITCOIN ⟶ POTENTIAL FOR SIGNIFICANT GROWTH!!
🔥#BITCOIN / ⏱15-Minute Timeframe
👉Given the sharp decline followed by a slow recovery in the form of an bullish channel, there was a possibility of a continued decline towards the previously mentioned targets.
‼️However, after breaking the bullish channel downwards and issuing a sell signal, BITCOIN grew, and patterns neutralizing this sell signal were observed❌
👉Moreover, today BITCOIN is trading above its daily support of 59047.69.
🚀Based on this, the current scenario is bullish.
✅Bitcoin is growing based on one of the following plans:
💰Plan 1: Growth based on a cup pattern.
Confirmation of growth based on this scenario is the breakdown of the 5-minute timeframe bearish channel (note that this breakdown has occurred, and a buy signal has been given based on this plan).
💰Plan 2: Growth based on an ascending triangle.
If Plan 1 is canceled and the decline deepens, BITCOIN has another chance to make a bottom around the daily support of 59047.69 and start its growth based on the ascending triangle.
🎯BITCOIN's growth targets:
🚀Target 1: 60220.56
🚀🚀Target 2: 61416.73
🚀🚀🚀Target 3: 62335.77-62731.31
❌The stop-loss for this bullish scenario is the breakdown of the daily support of 62731.31 on the 15-minute timeframe. If this happens, BITCOIN will enter a new bearish phase.
👉Given the sharp decline followed by a slow recovery in the form of an bullish channel, there was a possibility of a continued decline towards the previously mentioned targets.
‼️However, after breaking the bullish channel downwards and issuing a sell signal, BITCOIN grew, and patterns neutralizing this sell signal were observed❌
👉Moreover, today BITCOIN is trading above its daily support of 59047.69.
🚀Based on this, the current scenario is bullish.
✅Bitcoin is growing based on one of the following plans:
💰Plan 1: Growth based on a cup pattern.
Confirmation of growth based on this scenario is the breakdown of the 5-minute timeframe bearish channel (note that this breakdown has occurred, and a buy signal has been given based on this plan).
💰Plan 2: Growth based on an ascending triangle.
If Plan 1 is canceled and the decline deepens, BITCOIN has another chance to make a bottom around the daily support of 59047.69 and start its growth based on the ascending triangle.
🎯BITCOIN's growth targets:
🚀Target 1: 60220.56
🚀🚀Target 2: 61416.73
🚀🚀🚀Target 3: 62335.77-62731.31
❌The stop-loss for this bullish scenario is the breakdown of the daily support of 62731.31 on the 15-minute timeframe. If this happens, BITCOIN will enter a new bearish phase.
Заметка
Hi Guys🤚
🚀#BITCOIN followed yesterday's plan and hit the first target, but missed the second🤏
💰Ultimately, based on the confirmation of the cup and handle pattern, we were able to achieve a risk-reward ratio of 5.5
⁉️Question: What could this drop mean?
Is it the beginning of a larger decline, or can we expect another bull-trend🧐
🎉I've explained this in more detail in an upcoming update
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