#BTC has broken below the key trendline and continues to hold in a bearish structure. On the weekly timeframe, the price action is showing a potential Head & Shoulders formation, and what makes this pattern even more significant is the strong bearish divergence appearing on the head of the structure.
This combination of trendline break + bearish market structure + divergence strengthens the probability of a larger downside move.
However, patience is key.
Before taking any short position, I will wait for:
Completion of the right shoulder
A clear break below the neckline
A clean retest of the neckline to confirm bearish continuation
Only then will I look for a short entry with strict risk management and clear invalidation levels.
If this setup plays out, #BTC could deliver a high-probability move on the weekly chart. Watching this closely.
If you find this analysis helpful, hit LIKE and drop your thoughts in the comments. Follow for more advanced #BTC setups, market structure breakdowns, and confluence-based trading ideas!
#BTC #Bitcoin #Crypto #TradingView #CryptoAnalysis #HeadAndShoulders #BearishDivergence #PriceAction #TrendlineBreak #WeeklyTimeframe #CryptoTrader #RiskManagement #BTCAnalysis #CryptoSetup
This combination of trendline break + bearish market structure + divergence strengthens the probability of a larger downside move.
However, patience is key.
Before taking any short position, I will wait for:
Completion of the right shoulder
A clear break below the neckline
A clean retest of the neckline to confirm bearish continuation
Only then will I look for a short entry with strict risk management and clear invalidation levels.
If this setup plays out, #BTC could deliver a high-probability move on the weekly chart. Watching this closely.
If you find this analysis helpful, hit LIKE and drop your thoughts in the comments. Follow for more advanced #BTC setups, market structure breakdowns, and confluence-based trading ideas!
#BTC #Bitcoin #Crypto #TradingView #CryptoAnalysis #HeadAndShoulders #BearishDivergence #PriceAction #TrendlineBreak #WeeklyTimeframe #CryptoTrader #RiskManagement #BTCAnalysis #CryptoSetup
Note
#BTC | Head & Shoulders in Progress#BTC has completed the Head and is currently moving higher, with a strong possibility of forming the Right Shoulder.
We will wait for the Right Shoulder to fully develop. Upon any bearish confirmation (price action / divergence) in this area, a short setup will be considered with strict risk management.
Wait for confirmation — no FOMO trades.
Order cancelled
BTC is not formed H&S Pattern, so this analysis is invalid. 
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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.