Bitcoin has formed a classic Inverse Head and Shoulders pattern on the 30-min chart, signaling a potential short-term bullish reversal. The neckline has been tested and broken, confirming the pattern and initiating an active long trade setup.
🔹 Technical Pattern: Inverse Head & Shoulders
🔹 Entry Zone: Near neckline breakout (~104,900)
🔹 Target: 106,842 based on pattern projection
🔹 Support Zone: 104,380 – 104,150
🔹 Trend Context: Recovering from recent decline, with bullish momentum gaining strength
Bullish bias remains valid as long as the price holds above neckline support. Momentum and volume confirmation could drive further upside. 🚀📈
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This is not financial advice. Please conduct your own research and manage risk accordingly.
🔹 Technical Pattern: Inverse Head & Shoulders
🔹 Entry Zone: Near neckline breakout (~104,900)
🔹 Target: 106,842 based on pattern projection
🔹 Support Zone: 104,380 – 104,150
🔹 Trend Context: Recovering from recent decline, with bullish momentum gaining strength
Bullish bias remains valid as long as the price holds above neckline support. Momentum and volume confirmation could drive further upside. 🚀📈
Note : If you found this helpful, like and follow for more trade ideas!
Share My Idea With Your Firends Mention Your Feed back Comment Section
This is not financial advice. Please conduct your own research and manage risk accordingly.
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For More Help
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Telegram @Signals_98
t.me/+HZOTWoeqVoo3M2Nk
Our Channel
t.me/+HZOTWoeqVoo3M2Nk
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.