Bitcoin <\/h2>\n\n\n\nThe Weekly<\/em> chart of Bitcoin <\/h3>\n\n\n\n![\"weekly](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/20250815-BITCOIN-REPORTweekly.png\" "\\"\\"")
<\/figure>\n\n\n\n<\/div>\n\n\n\nThe price recently broke out bullishly from a Cup and Handle pattern, a reliable setup, especially after a strong bull trend. The breakout bar from the handle was robust, signaling strong buying pressure. However, the follow-through was a bear bar, a warning for bulls, who expected consecutive bull bars to confirm momentum. Caution was warranted.<\/p>\n\n\n\n
A couple of weeks ago, the price tested the breakout point (handle high) and reversed upward last week. Bulls aimed for new highs to sustain the trend. Holding above key breakout levels is critical for trend continuation.<\/p>\n\n\n\n
The Body Gap must remain open to support the small pullback bull trend. This trend features a gap between the previous higher high and the recent higher low. We’re seeing the second reversal attempt; strong trends typically withstand at least four before failing. Until proven otherwise, betting with the trend is prudent.<\/p>\n\n\n\n
Last week’s wider range chart showed the price fits within a broad bull channel, where both bulls and bears can profit\u2014bears scalping highs, bulls swinging on dips. However, broad bull channels exhibit trading range behavior, making positions hard to hold due to frequent reversals. This favors quick profits over extended swings.<\/p>\n\n\n\n
I prioritize the Cup and Handle breakout over the channel. Explosive moves often follow such patterns, making this a swing trade opportunity. The High 2 bull signal at the handle was a valid entry, with market orders above the handle high. Those who entered rely on a stop at the handle low, exiting if the Body Gap closes. They seek a sequence of highs and lows with open gaps, targeting at least a 2:1 profit (~$140,000), with a 40% probability. After no immediate follow-through, they likely took half off at 1:1. Post this week’s high, they raised stops to the August low, running a free trade until price action signals closure or a strong bull breakout tests $135,000-$140,000.<\/p>\n\n\n\n
Bears need to close the Body Gap first, then target the trend line low. This week’s Low 2 sell signal might work, but without a closed Body Gap, it’s less reliable. I wouldn\u2019t trade it. Bears should seek other entry strategies if the price declines.<\/p>\n\n\n\n
In conclusion, despite the Low 2 sell signal, the small pullback bull trend holds as price stays above the breakout point with higher closes. Bulls target $135,000. If the Body Gap closes, odds increase for testing the Major Higher Low and lower bull channel trend line.<\/p>\n\n\n\n
The Daily<\/em> chart of Bitcoin <\/h3>\n\n\n\n![\"daily](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/20250815-BITCOIN-REPORTdaily.png\" "\\"\\"")
<\/figure>\n\n\n\n<\/div>\n\n\n\nThe daily chart shows a trading range. Bears broke below a tight trading range weeks ago, but the bear breakout failed, and the price returned to the range apex, reversing upward. This suggests a broader trading range.<\/p>\n\n\n\n
Most trading range breakouts fail. Last week, I noted I\u2019d fade a bull breakout or join a bear breakout, expecting another leg down. The price rose. The latest bull leg had strong breakout bars but poor follow-through, signaling trading range behavior, not trending. The largest bull bar, the last one, broke above the higher high after four bull legs. This may lead to a successful bull breakout, but only 20% of the time, as it\u2019s a strong sell signal.<\/p>\n\n\n\n
Strong bull bars at range tops are sell signals; strong bear bars at bottoms are buy signals, not only in hindsight. On last week\u2019s report: \u201cThe current bull leg won\u2019t start a bull trend, so I\u2019ll fade a second or third leg up or join bears for a test of the prior bull breakout low, or lower.\u201d In trading ranges, expect second or third legs reverse into opposite leg side.<\/p>\n\n\n\n
After four breakout attempts, fading breakouts isn\u2019t advisable, as the trading range structure is complete, shifting to breakout mode. The bull breakout was the third attempt (bull climax, bear breakout of tight range, this bull leg). I won\u2019t fade further breakouts but will wait for a quality breakout or breakout mode pattern.<\/p>\n\n\n\n
Bears betting on the outside down bar for a bear trend? It\u2019s a strong reversal bar. Selling around $120,000, especially with a limit order, is likely profitable for scalping, as a second leg (sideways to down) is expected post-bear surprise.<\/p>\n\n\n\n
I hope you enjoyed the report. Share your thoughts, insights, or questions in the comments.<\/p>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/figure>\n\n\n\nThe price recently broke out bullishly from a Cup and Handle pattern, a reliable setup, especially after a strong bull trend. The breakout bar from the handle was robust, signaling strong buying pressure. However, the follow-through was a bear bar, a warning for bulls, who expected consecutive bull bars to confirm momentum. Caution was warranted.<\/p>\n\n\n\n
A couple of weeks ago, the price tested the breakout point (handle high) and reversed upward last week. Bulls aimed for new highs to sustain the trend. Holding above key breakout levels is critical for trend continuation.<\/p>\n\n\n\n
The Body Gap must remain open to support the small pullback bull trend. This trend features a gap between the previous higher high and the recent higher low. We’re seeing the second reversal attempt; strong trends typically withstand at least four before failing. Until proven otherwise, betting with the trend is prudent.<\/p>\n\n\n\n
Last week’s wider range chart showed the price fits within a broad bull channel, where both bulls and bears can profit\u2014bears scalping highs, bulls swinging on dips. However, broad bull channels exhibit trading range behavior, making positions hard to hold due to frequent reversals. This favors quick profits over extended swings.<\/p>\n\n\n\n
I prioritize the Cup and Handle breakout over the channel. Explosive moves often follow such patterns, making this a swing trade opportunity. The High 2 bull signal at the handle was a valid entry, with market orders above the handle high. Those who entered rely on a stop at the handle low, exiting if the Body Gap closes. They seek a sequence of highs and lows with open gaps, targeting at least a 2:1 profit (~$140,000), with a 40% probability. After no immediate follow-through, they likely took half off at 1:1. Post this week’s high, they raised stops to the August low, running a free trade until price action signals closure or a strong bull breakout tests $135,000-$140,000.<\/p>\n\n\n\n
Bears need to close the Body Gap first, then target the trend line low. This week’s Low 2 sell signal might work, but without a closed Body Gap, it’s less reliable. I wouldn\u2019t trade it. Bears should seek other entry strategies if the price declines.<\/p>\n\n\n\n
In conclusion, despite the Low 2 sell signal, the small pullback bull trend holds as price stays above the breakout point with higher closes. Bulls target $135,000. If the Body Gap closes, odds increase for testing the Major Higher Low and lower bull channel trend line.<\/p>\n\n\n\n
The Daily<\/em> chart of Bitcoin <\/h3>\n\n\n\n<\/figure>\n\n\n\n<\/div>\n\n\n\nThe daily chart shows a trading range. Bears broke below a tight trading range weeks ago, but the bear breakout failed, and the price returned to the range apex, reversing upward. This suggests a broader trading range.<\/p>\n\n\n\n
Most trading range breakouts fail. Last week, I noted I\u2019d fade a bull breakout or join a bear breakout, expecting another leg down. The price rose. The latest bull leg had strong breakout bars but poor follow-through, signaling trading range behavior, not trending. The largest bull bar, the last one, broke above the higher high after four bull legs. This may lead to a successful bull breakout, but only 20% of the time, as it\u2019s a strong sell signal.<\/p>\n\n\n\n
Strong bull bars at range tops are sell signals; strong bear bars at bottoms are buy signals, not only in hindsight. On last week\u2019s report: \u201cThe current bull leg won\u2019t start a bull trend, so I\u2019ll fade a second or third leg up or join bears for a test of the prior bull breakout low, or lower.\u201d In trading ranges, expect second or third legs reverse into opposite leg side.<\/p>\n\n\n\n
After four breakout attempts, fading breakouts isn\u2019t advisable, as the trading range structure is complete, shifting to breakout mode. The bull breakout was the third attempt (bull climax, bear breakout of tight range, this bull leg). I won\u2019t fade further breakouts but will wait for a quality breakout or breakout mode pattern.<\/p>\n\n\n\n
Bears betting on the outside down bar for a bear trend? It\u2019s a strong reversal bar. Selling around $120,000, especially with a limit order, is likely profitable for scalping, as a second leg (sideways to down) is expected post-bear surprise.<\/p>\n\n\n\n
I hope you enjoyed the report. Share your thoughts, insights, or questions in the comments.<\/p>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/figure>\n\n\n\nThe daily chart shows a trading range. Bears broke below a tight trading range weeks ago, but the bear breakout failed, and the price returned to the range apex, reversing upward. This suggests a broader trading range.<\/p>\n\n\n\n
Most trading range breakouts fail. Last week, I noted I\u2019d fade a bull breakout or join a bear breakout, expecting another leg down. The price rose. The latest bull leg had strong breakout bars but poor follow-through, signaling trading range behavior, not trending. The largest bull bar, the last one, broke above the higher high after four bull legs. This may lead to a successful bull breakout, but only 20% of the time, as it\u2019s a strong sell signal.<\/p>\n\n\n\n
Strong bull bars at range tops are sell signals; strong bear bars at bottoms are buy signals, not only in hindsight. On last week\u2019s report: \u201cThe current bull leg won\u2019t start a bull trend, so I\u2019ll fade a second or third leg up or join bears for a test of the prior bull breakout low, or lower.\u201d In trading ranges, expect second or third legs reverse into opposite leg side.<\/p>\n\n\n\n
After four breakout attempts, fading breakouts isn\u2019t advisable, as the trading range structure is complete, shifting to breakout mode. The bull breakout was the third attempt (bull climax, bear breakout of tight range, this bull leg). I won\u2019t fade further breakouts but will wait for a quality breakout or breakout mode pattern.<\/p>\n\n\n\n
Bears betting on the outside down bar for a bear trend? It\u2019s a strong reversal bar. Selling around $120,000, especially with a limit order, is likely profitable for scalping, as a second leg (sideways to down) is expected post-bear surprise.<\/p>\n\n\n\n
I hope you enjoyed the report. Share your thoughts, insights, or questions in the comments.<\/p>\n\n\n\n
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