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.
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As long as btc can hold the 200 ema it looks probable.Anmerkung
Not a bad R:R. 69k is strong resistance but if anything can break it bitcoin can.Anmerkung
Lots of resistance on the way. I’m better off with no stops these days.Anmerkung
Nice set up overall.Anmerkung
Pennant formed within the larger trend.Trade ist aktiv
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Here is the original set up.Anmerkung
Classic fake out to shake out the over leveraged tradersAnmerkung
How many people shorted this? Raise your hand.Anmerkung
Sideways for now.Anmerkung
Let’s see how this small pennant reacts to a break out.Trade ist aktiv
Still on track for new ATH. Never in a straight line.Trade ist aktiv
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Never lose sight never use too much leverageUSDT: 0xd3787d843Cf915E5475119459B34b6429827c297
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USDT: 0xd3787d843Cf915E5475119459B34b6429827c297
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.