BTC/USD 1HBitcoin / U.S. dollarBITSTAMP:BTCUSDRich_trader01The chart you've shared appears to depict a bullish breakout setup for Bitcoin (BTC/USD) on the 1-hour timeframe, as published on TradingView. Key Observations: 1. Chart Pattern: A symmetrical triangle is clearly shown (ABC triangle with a tightening range). Price has broken out upward from the triangle, suggesting bullish momentum. 2. Entry Level: Around $105,600, as marked on the chart. The breakout candle has already closed above this resistance level, validating a potential entry. 3. Target Level: Target is projected around $108,000+, based on the height of the triangle pattern (measured move from the base of the triangle). 4. Volume and Momentum: While volume isn’t shown, the breakout angle and follow-through candles imply buying strength. --- Trade Setup Summary: Pattern: Symmetrical Triangle (Bullish Breakout) Entry: ~$105,600 Target: ~$108,000+ Stop-loss (not shown but recommended): Below ~$104,000 (just under the breakout zone or triangle support) Would you like help calculating risk/reward ratios or setting a proper stop-loss for this setup?