Bitcoin appears to be gearing up for a major move as it completes the Inverse Head & Shoulders pattern on the 4-hour chart. ๐ 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.
๐ 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.
๐ 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.
๐จ Risk Management:
As with any trade, it's essential to implement proper risk management. Set stop-loss levels to mitigate potential downsides.
๐ Targets:
Keep an eye on key resistance levels for potential take-profit zones.
๐ Disclaimer:
This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
๐ **Stay tuned for real-time updates! Like and follow for more insights. Let's navigate these markets together! ๐ #BTC #Crypto #TradingView #TechnicalAnalysis #Bitcoin
๐ 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.
๐ 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.
๐จ Risk Management:
As with any trade, it's essential to implement proper risk management. Set stop-loss levels to mitigate potential downsides.
๐ Targets:
Keep an eye on key resistance levels for potential take-profit zones.
๐ Disclaimer:
This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
๐ **Stay tuned for real-time updates! Like and follow for more insights. Let's navigate these markets together! ๐ #BTC #Crypto #TradingView #TechnicalAnalysis #Bitcoin
์กํฐ๋ธ ํธ๋ ์ด๋:
1st TP Hit
๊ฑฐ๋์ฒญ์ฐ: ํ๊ฒ ๋ฟ์:
2nd TP Hit