BTC – Building Discounted Longs Before the Breakout?

13 ott

Bitcoin (BTCUSD) is currently consolidating within a tight compression zone, showing signs of accumulation near 114.8K–115.4K. The market is coiling up right under resistance, hinting that a potential breakout could be around the corner.

As seen on the chart, structure remains bullish with a well-defined base and higher low formation. The key breakout confirmation lies above 115.4K, which could trigger a momentum push toward 117.8K, aligning with previous swing projections.

However, I’m personally building a small discounted entry position even before the confirmed breakout. The reason? When momentum starts expanding, it rarely gives clean entries, so catching early positioning near support provides better R:R potential.

RSI is holding above the midline, reflecting sustained buyer strength, while volume compression suggests a volatility expansion phase ahead. If price manages to sustain above the upper trendline, expect quick upside continuation.

Stop-loss remains below 113.6K to stay protected against fakeouts.

Rahul’s Tip:
Smart money often positions early when the crowd hesitates — timing matters, but conviction matters more.

Analysis By TraderRahulPal (TradingView Moderator)
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Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.

14 ott

Trade chiuso manualmente

After giving good move after suggestion it failed to continue the momentum.