Bitcoin is showing a textbook Head and Shoulders breakout, with a potential move above the neckline (dotted line). The projected target for this bullish structure points toward $108,000, marking a significant continuation of the long-term uptrend. Entry Idea: On retest of the neckline or consolidation above the breakout zone. Stop-Loss: Below the right shoulder for risk management. Take-Profit Target: $108K, in line with the projected breakout target. Keep an eye on volume too. Disclaimer: This is not financial advice. Conduct your own analysis and manage risk accordingly. Follow for more.
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see how the price started to grow inside the pennant near the support line and later reached the 93500 support level, which coincided with the support area. Soon, the price broke this level and continued to move up to the resistance level, which coincided with the seller zone and even entered to this area, after which it reached the resistance line of the pennant. Then BTC turned around and declined to support line and later exited from the pennant pattern, after which little fell and then rose to the 98500 level. BTC tried to break it, but failed and dropped to support level firstly and soon broke this level too and fell until to 90785 points. Then Bitcoin turned around and rose to the 93500 support level, broke it, and later rose to the resistance level. After this, the price turned around and made correction to support line of triangle, but a not long time ago it turned around and started to grow. So, in my opinion, the price can decline to the support line and then continue to grow to the resistance level. When the price reaches this level, it can break it, thereby exiting from the triangle also and then going next, making firstly retest or without it. For this case, I set two TP: first at the 98500 level, and second at 100500 points. Please share this idea with your friends and click Boost ?
consolidation after a huge run tp is on the chart if it breaks upward bull flag on the 4hr time frame sl 3,07 tp 9,64
stoch rsi oversold price consolidating tp is on the chart sl %10
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Dear Trader, From a fundamental perspective, the Pound is in a better position than the Euro. This week, I expect a decline towards the 1.26000 level, similar to the Euro. Subsequently, I anticipate an upward correction to the 1.28500 area, followed by a more significant downward movement with a minimum target of 1.25000." "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Bitcoin is expected to form either a high or a low around the following dates. How i/to use it correctly; Identify the trend correctly before the reversal date. Better if there is a good possibility of a high or low. Wait for a reversal candle or rejection that is good enough. Enter, putting your SL above or below the candle. Double your SL. When to get out is optional but do secure yourself. Use the R System for Forex Trading. This technique is still under development. I am not responsible for any outcomes or consequences that may arise from following these instructions. Proceed at your own discretion.