The BTC/USD 3-hour chart suggests a potential inverted head and shoulders pattern, indicating a possible bullish reversal.
Conversely, the daily chart hints at a head and shoulders pattern, suggesting a potential bearish trend. This contradiction creates uncertainty.
The presence of both an inverted head and shoulders (bullish) on the 3-hour chart and a head and shoulders (bearish) on the daily chart creates ambiguity. This is a classic example of a confluence issue in technical analysis.
The inverted head and shoulders could be a fakeout, a deceptive pattern that lures investors into buying before reversing course.
The market might be consolidating before a more definitive breakout in either direction.
Conversely, the daily chart hints at a head and shoulders pattern, suggesting a potential bearish trend. This contradiction creates uncertainty.
The presence of both an inverted head and shoulders (bullish) on the 3-hour chart and a head and shoulders (bearish) on the daily chart creates ambiguity. This is a classic example of a confluence issue in technical analysis.
The inverted head and shoulders could be a fakeout, a deceptive pattern that lures investors into buying before reversing course.
The market might be consolidating before a more definitive breakout in either direction.
Nota
As long as btc can hold the 200 ema it looks probable.Nota
Not a bad R:R. 69k is strong resistance but if anything can break it bitcoin can.Nota
Lots of resistance on the way. I’m better off with no stops these days.Nota
Nice set up overall.Nota
Pennant formed within the larger trend.Dagangan aktif
Nota
Here is the original set up.Nota
Classic fake out to shake out the over leveraged tradersNota
How many people shorted this? Raise your hand.Nota
Sideways for now.Nota
Let’s see how this small pennant reacts to a break out.Dagangan aktif
Still on track for new ATH. Never in a straight line.Dagangan aktif
Nota
Never lose sight never use too much leverageUSDT: 0xd3787d843Cf915E5475119459B34b6429827c297
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.
USDT: 0xd3787d843Cf915E5475119459B34b6429827c297
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.