BTC → if breaks up get a long position

17 thg 8

hello guys.

let's dive in BTC!

1. Pattern Recognition:

1. Left Shoulder: The first peak formed before the head.
   
2. Head: The highest point in the pattern, showing a peak above the shoulders.
   
3. Right Shoulder: The final peak, which is lower than the head but roughly in line with the left shoulder.
   

2. Key Levels:

Neckline: The blue line around $57,571.68 marks the support level that connects the lows from the left and right shoulders.
Breakout Zone: The chart highlights a yellow resistance zone just above the current price. If Bitcoin breaks above this zone, it could lead to a bullish breakout.

3. Bullish Scenario:

Upside Potential: If the price breaks above the yellow resistance zone, the next target could be around $62,343.58. This would confirm the pattern and signal a potential continuation of the upward trend.

4. Bearish Scenario:

Failure to Break: If the price fails to break above the resistance zone, it could result in a pullback to the neckline of around $57,571.68 or lower.

Summary

• Pattern: Head and Shoulders identified on the 15-minute chart.
  
• Neckline Support: Around $57,571.68.
  
• Resistance Zone: Key area to watch for a breakout just above the current price.
  
• Bullish Scenario: A break above resistance could lead to a move towards $62,343.58.
  
• Bearish Scenario: Failure to break resistance might lead to a drop back to the neckline or lower.
  

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18 thg 8

Ghi chú

the breaking out happened

20 thg 8

Đóng lệnh: đạt mục tiêu

if you get this position it is on the trendline and you can close half of your position until the price breaks it up!

20 thg 8

Ghi chú

the breakout happened: