🚨 BTC Head & Shoulders Alert – Possible Breakdown! 🚨
Bitcoin is showing a clear Head & Shoulders pattern on the 15m chart.
Price is hovering near the $118,500 neckline, with sellers trying to push lower.
🔹 Key Levels:
Pattern: Head & Shoulders – bearish reversal setup
Breakdown Zone: Around $118,500
Immediate Support: $117,637
Major Target: $116,605 (measured move from pattern)
Invalidation: A close above $118,913 could flip bias bullish
📌 Plan:
Watch if BTC sustains below $118,500. If confirmed, bears could aim for $117,600 and then $116,600. Bulls need to reclaim $118,913 to negate the setup.
#Bitcoin #BTC #CryptoTrading #HeadAndShoulders #BTCAnalysis #PriceAction #CryptoSignals #BitcoinPrice #TradingSetup #CryptoCommunity #DayTrading #TechnicalAnalysis #CryptoMarkets
Bitcoin is showing a clear Head & Shoulders pattern on the 15m chart.
Price is hovering near the $118,500 neckline, with sellers trying to push lower.
🔹 Key Levels:
Pattern: Head & Shoulders – bearish reversal setup
Breakdown Zone: Around $118,500
Immediate Support: $117,637
Major Target: $116,605 (measured move from pattern)
Invalidation: A close above $118,913 could flip bias bullish
📌 Plan:
Watch if BTC sustains below $118,500. If confirmed, bears could aim for $117,600 and then $116,600. Bulls need to reclaim $118,913 to negate the setup.
#Bitcoin #BTC #CryptoTrading #HeadAndShoulders #BTCAnalysis #PriceAction #CryptoSignals #BitcoinPrice #TradingSetup #CryptoCommunity #DayTrading #TechnicalAnalysis #CryptoMarkets
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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.