This chart illustrates a potential Head and Shoulders pattern, signaling a possible trend reversal on the 1H Bitcoin/USD timeframe. The price is currently compressing within a falling wedge, and the right shoulder has recently completed.
Key highlights:
Head & Shoulders pattern: Suggests a bearish reversal if neckline breaks.
Price inside falling wedge: Could act as a short-term consolidation structure before a breakout.
Demand zones:
102,965 – 102,602
107,000 – 101,737
97,350 – 97,083
Scenarios:
Bullish breakout of the wedge may invalidate the head & shoulders and trigger upside continuation.
Bearish breakdown below neckline and demand zones could open deeper retracements.
This setup offers a clear "wait-for-confirmation" strategy before entering long or short, based on price reaction at key levels.
If this Head & Shoulders plays out... oh boy 😏
We’re diving straight into those demand zones.
Next stops?
🔻 102,600
🔻 101,700
🔻 97,000 (ultimate trap zone)
But hey — break the wedge to the upside and bulls might flip the script.
Let’s see who wins 🔥📉📈
#Bitcoin #BTC #HeadAndShoulders #CryptoAnalysis
Key highlights:
Head & Shoulders pattern: Suggests a bearish reversal if neckline breaks.
Price inside falling wedge: Could act as a short-term consolidation structure before a breakout.
Demand zones:
102,965 – 102,602
107,000 – 101,737
97,350 – 97,083
Scenarios:
Bullish breakout of the wedge may invalidate the head & shoulders and trigger upside continuation.
Bearish breakdown below neckline and demand zones could open deeper retracements.
This setup offers a clear "wait-for-confirmation" strategy before entering long or short, based on price reaction at key levels.
If this Head & Shoulders plays out... oh boy 😏
We’re diving straight into those demand zones.
Next stops?
🔻 102,600
🔻 101,700
🔻 97,000 (ultimate trap zone)
But hey — break the wedge to the upside and bulls might flip the script.
Let’s see who wins 🔥📉📈
#Bitcoin #BTC #HeadAndShoulders #CryptoAnalysis
Markets move in angles. I follow the lines.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Markets move in angles. I follow the lines.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.