BTC is holding above a clean neckline breakout from a inverse head and shoulders formation, currently consolidating inside a bullish pennant. A breakout from this range offers continuation potential to $136K and possibly to $168K. Bias remains bullish while price holds above the $114K region.
Market Structure
• Trend: Bullish continuation
• Pattern: Inverse Head & Shoulders + Bullish Pennant
• Price Action: Clean breakout and retest of neckline support, followed by tightening consolidation
Key Zones
• Immediate Demand Zone: $114,000 – $117,000
• Internal Demand Zone: $105,000 – $108,000
• Major Setup Support Zone: $98,000 – $101,000
• Base Support (ISHS Origin): $74,500 – $77,000
• Neckline: $111,700-$113,800 (Confirmed pivot level)
Technical Confluence
• Volume: Strong candle breakout through neckline, followed by low-volume bullish flag
• Price Geometry: ISHS measured move aligns with the final target at $168K
• Momentum: Bullish structure maintained with higher lows and reactive demand
Entry Plan
• Zone: $117,500 – $119,000
• Method: Limit buy on demand retest or breakout retest of $123K
• Execution: Swing entry with invalidation below demand base
Targets
• 🎯 TP1: $136,442 — Pennant measured move
• 🎯 TP2: $168,029 — Final ISHS target
Invalidation
• ❌ SL: Below $110,000
• Reason: Break below ISHS Neckline invalidates bullish thesis in the short term
• RRR: Estimated 1:4 depending on execution
If this structure aligns with your outlook, feel free to share your thoughts in the comments.
You’re also welcome to drop your preferred altcoins for a quick technical review.
Market Structure
• Trend: Bullish continuation
• Pattern: Inverse Head & Shoulders + Bullish Pennant
• Price Action: Clean breakout and retest of neckline support, followed by tightening consolidation
Key Zones
• Immediate Demand Zone: $114,000 – $117,000
• Internal Demand Zone: $105,000 – $108,000
• Major Setup Support Zone: $98,000 – $101,000
• Base Support (ISHS Origin): $74,500 – $77,000
• Neckline: $111,700-$113,800 (Confirmed pivot level)
Technical Confluence
• Volume: Strong candle breakout through neckline, followed by low-volume bullish flag
• Price Geometry: ISHS measured move aligns with the final target at $168K
• Momentum: Bullish structure maintained with higher lows and reactive demand
Entry Plan
• Zone: $117,500 – $119,000
• Method: Limit buy on demand retest or breakout retest of $123K
• Execution: Swing entry with invalidation below demand base
Targets
• 🎯 TP1: $136,442 — Pennant measured move
• 🎯 TP2: $168,029 — Final ISHS target
Invalidation
• ❌ SL: Below $110,000
• Reason: Break below ISHS Neckline invalidates bullish thesis in the short term
• RRR: Estimated 1:4 depending on execution
If this structure aligns with your outlook, feel free to share your thoughts in the comments.
You’re also welcome to drop your preferred altcoins for a quick technical review.
Note
Entry plan Immediate Zone: 114k-117k
Trade active
Still waiting patiently for the development of ISHS setupNote
Bullish Consolidation Holding StrongBitcoin coils above the $114.5k–$117.5k demand zone, maintaining its trajectory within a rising channel. The breakout from an ABC correction and strong RSI divergence suggests further upside ahead.
Trade closed manually
The ISHS idea still very much in play, price above neckline and we should patiently wait for the big move. Follow the latest idea provided today as an immediate guide.
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Related publications
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.
📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Related publications
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.