{"id":235011,"date":"2025-04-20T01:30:00","date_gmt":"2025-04-20T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=235011"},"modified":"2025-04-18T10:27:06","modified_gmt":"2025-04-18T17:27:06","slug":"bitcoin-triggers-a-high-3-setup","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/bitcoin-triggers-a-high-3-setup\/","title":{"rendered":"Bitcoin Triggers a High 3 Setup"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Bitcoin <\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin sharply reversed last week from support.<\/li>\n\n\n\n<li>Strong weekly close printed the first legit bull signal since the 30% drawdown: a High 3 (H3) bull signal.<\/li>\n\n\n\n<li>This week, the H3 triggered. <\/li>\n\n\n\n<li>Stock Indexes, meanwhile, showed large bear breakouts on both weekly and daily charts.<\/li>\n\n\n\n<li>Despite deeper losses in percentage terms, Bitcoin has held better relative to its price structure. <\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin <\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT.png\" alt=\"weekly chart of bitcoin spot for pricing references\" class=\"wp-image-235053\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT.png 1280w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-768x432.png 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption class=\"wp-element-caption\">Bitcoin Weekly Spot Chart from Coinbase for price reference purposes<br><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> chart of Bitcoin <\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-1.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-1.png\" alt=\"weekly chart of bitcoin on april 17th 2025\" class=\"wp-image-235050\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-1.png 1280w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-1-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-1-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-1-768x432.png 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption class=\"wp-element-caption\">Weekly Chart of IBIT (Ishares Bitcoin ETF)<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin traded between $50,000 and $75,000 for most of 2024<\/li>\n\n\n\n<li>That range broke out through $74,000, targeting the $100,000 level<\/li>\n\n\n\n<li>The move hit $100,000 by November, extended slightly to $108,000<\/li>\n\n\n\n<li>$100,000 acted as a profit-taking zone \u2014 funds likely trimmed there<\/li>\n\n\n\n<li>Instead of collapsing, Bitcoin formed a three-month double top<\/li>\n\n\n\n<li>Neckline near $90,000<\/li>\n\n\n\n<li>Clean structure, no panic<\/li>\n\n\n\n<li>Measured correction brought price back near $75,000<\/li>\n<\/ul>\n\n\n\n<p>That area matters:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It\u2019s the 2024 range breakout level<\/li>\n\n\n\n<li>It aligns with the IBIT ETF\u2019s breakaway gap<\/li>\n\n\n\n<li>Buyers defended the structure \u2014 a sign of strength<\/li>\n<\/ul>\n\n\n\n<p>There\u2019s no evidence of panic selling<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Large holders appear to be rotating, not dumping<\/li>\n\n\n\n<li>Matches Q1 rebalancing activity<\/li>\n\n\n\n<li>30% drop led to trimming \u2014 now Q2 bring net inflows (only in rebalance terms) again<\/li>\n<\/ul>\n\n\n\n<p>Last week\u2019s H3 bull signal:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Formed off the year\u2019s low<\/li>\n\n\n\n<li>This week triggered above that high \u2014 activating the setup<\/li>\n\n\n\n<li>IBIT ETF gapped up Monday, then H3&#8217;s close held that as support<\/li>\n\n\n\n<li>Currently, a legit follow-through signal<\/li>\n<\/ul>\n\n\n\n<p>Is this a high-probability bet?<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No \u2014 it\u2019s a reversal trade inside a bear channel<\/li>\n\n\n\n<li>But reward-to-risk might be 2:1 or better<\/li>\n\n\n\n<li>Some bulls took the trade for that reason<\/li>\n<\/ul>\n\n\n\n<p>This week closed as a near-perfect doji<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Because of the gap up, it still counts as a small bull bar<\/li>\n\n\n\n<li>That qualifies as a good follow through for bulls<\/li>\n<\/ul>\n\n\n\n<p>The price touched the 26-week EMA again<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Not a close above, but better flirting with it than not reaching it. <\/li>\n<\/ul>\n\n\n\n<p>We previously noted that April could bring a new bull leg<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Below the Q1 low and at Q1 close, there are buyers<\/li>\n\n\n\n<li>Technical support and quarterly rebalancing favor bulls<\/li>\n<\/ul>\n\n\n\n<p>This setup may be compelling for reversal traders<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trend traders might wait for compression and breakout<\/li>\n\n\n\n<li>Or they might wait for a clean break to new highs<\/li>\n<\/ul>\n\n\n\n<p>Bears don\u2019t have a clean setup here<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Selling into support hasn\u2019t worked<\/li>\n\n\n\n<li>A rally toward $100,000 might offer better risk-reward for structuring short trades<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> chart of Bitcoin <\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-2.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-2.png\" alt=\"daily chart of bitcoin on april 17th 2025\" class=\"wp-image-235047\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-2.png 1280w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-2-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-2-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-2-768x432.png 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/a><figcaption class=\"wp-element-caption\">Daily chart of IBIT ETF<\/figcaption><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Bitcoin remains inside a bear channel since the $108,000 top<\/p>\n\n\n\n<p>The structure doesn\u2019t show strong bear control<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>After large bear bars or ETF gap-downs, follow-through has been weak<\/li>\n\n\n\n<li>Price often moved sideways or bounced<\/li>\n\n\n\n<li>That\u2019s not strong trending behavior<\/li>\n<\/ul>\n\n\n\n<p>The price recently hit long-term support<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>200-day simple moving average on IBIT<\/li>\n\n\n\n<li>365-day simple moving average on the spot chart<\/li>\n\n\n\n<li>From there, it bounced decisively<\/li>\n<\/ul>\n\n\n\n<p>A simple strategy that was suggested in this report played out well<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Buy at the moving average<\/li>\n\n\n\n<li>5% stop, 10% target<\/li>\n\n\n\n<li>Spot chart hit the target last week<\/li>\n\n\n\n<li>IBIT hit its 10% target this Tuesday<\/li>\n\n\n\n<li>Stops were never compromised<\/li>\n<\/ul>\n\n\n\n<p>After reaching targets, price printed a bearish bar<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Could be profit-taking<\/li>\n\n\n\n<li>Not necessarily a new wave of selling<\/li>\n<\/ul>\n\n\n\n<p>Bulls are buying dips and making money<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>That attracts more dip buyers<\/li>\n\n\n\n<li>That discourages fresh sellers at current levels<\/li>\n<\/ul>\n\n\n\n<p>What will bears do next?<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Likely wait for higher prices<\/li>\n\n\n\n<li>The bear gap still holds trapped longs from earlier in the correction<\/li>\n\n\n\n<li>Bears may want to sell into that weakness later <\/li>\n<\/ul>\n\n\n\n<p>Bulls still have a setup on the weekly chart<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>That\u2019s where they\u2019ll likely focus<\/li>\n<\/ul>\n\n\n\n<p>No clear daily pattern to trade right now<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A strong bull breakout might change that perception<\/li>\n\n\n\n<li>That could be a trade worth taking<\/li>\n<\/ul>\n\n\n\n<p>Current price action could mean two things:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The start of accumulation before the broader uptrend resumes<\/li>\n\n\n\n<li>The beginning of a bull leg inside a wide range between $70,000 and $110,000<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Will price close above the 26-week EMA?<\/li>\n\n\n\n<li>Can bulls defend $75,000 again if tested?<\/li>\n\n\n\n<li>Will activity pick up on a break above this week\u2019s highs?<\/li>\n<\/ul>\n\n\n\n<p>What are you watching for next week? Share your thoughts in the comments! Enjoy the holiday break, and follow sound trading rules!.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: Bitcoin Bitcoin The Weekly chart of Bitcoin That area matters: There\u2019s no evidence of panic selling Last week\u2019s H3 bull signal: Is this a high-probability bet? This week closed as a near-perfect doji The price touched the 26-week EMA again We previously noted that April could bring a new bull leg This setup [&hellip;]<\/p>\n","protected":false},"author":7271,"featured_media":235050,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1904,136],"tags":[223,324],"class_list":{"0":"post-235011","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-analysis","9":"tag-bitcoin","10":"tag-cryptocurrency","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/20250419-BITCOIN-REPORT-1.png","author_info":{"display_name":"Josep","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/cnjoseluis10gmail-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/235011","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/7271"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=235011"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/235011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/235050"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=235011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=235011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=235011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}