"ð BTCUSDT: Inverse Head & Shoulders Breakout Imminent! ð
Bitcoin appears to be gearing up for a major move as it completes the Inverse Head & Shoulders pattern on the 2-hour chart. ð The absence of bearish divergence and any downtrend signals, combined with the current consolidation around the neckline, sets the stage for a potentially bullish breakout.
ð Key Levels to Watch:
Neckline Breakout: Look for a decisive move above the neckline.
Retest Confirmation: A successful retest post-breakout will strengthen the bullish case.
ð Trade Strategy:
Considering the technical setup, we anticipate a robust bullish trend once the neckline resistance is breached. Traders may want to position themselves for a potential long ride, pending confirmation.
ðĻ Risk Management:
As with any trade, it's essential to implement proper risk management. Set stop-loss levels to mitigate potential downsides.
ð Targets:
Keep an eye on key resistance levels for potential take-profit zones.
ð Disclaimer:
This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
ð **Stay tuned for real-time updates! Like and follow for more insights. Let's navigate these markets together! ð #BTC #Crypto #TradingView #TechnicalAnalysis #Bitcoin
ð Key Levels to Watch:
Neckline Breakout: Look for a decisive move above the neckline.
Retest Confirmation: A successful retest post-breakout will strengthen the bullish case.
ð Trade Strategy:
Considering the technical setup, we anticipate a robust bullish trend once the neckline resistance is breached. Traders may want to position themselves for a potential long ride, pending confirmation.
ðĻ Risk Management:
As with any trade, it's essential to implement proper risk management. Set stop-loss levels to mitigate potential downsides.
ð Targets:
Keep an eye on key resistance levels for potential take-profit zones.
ð Disclaimer:
This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
ð **Stay tuned for real-time updates! Like and follow for more insights. Let's navigate these markets together! ð #BTC #Crypto #TradingView #TechnicalAnalysis #Bitcoin
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
After touch the Entry Price BTC move below the Entry Price, Used tight SL with mention TPs on the Chart. Best of Luck
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
Good movement in BTC move ur SL to breakeven point and move TP to TP-2=77780/-