BitcoinShort
"Head and Shoulders Breakdown: Bearish Reversal in Play"
This chart appears to depict a Head and Shoulders pattern, a classic bearish reversal formation, signaling a potential downward trend.
Key Description:
1. Pattern Identification:
Left Shoulder: A rise followed by a temporary dip.
Head: A higher peak after the left shoulder.
Right Shoulder: A rise that doesn't surpass the head, followed by a dip.
2. Trendline/Neckline: A support line connecting the lows between the shoulders and the head, signaling where the price could break down.
3. Bearish Breakout:
Price breaks below the neckline, confirming the pattern.
Target (projected move): Typically equals the height from the head to the neckline.
4. Price Levels:
Current level: Around $104,999.66.
Projected target: $95,032.54, as shown by the downward arrow.
This setup suggests a possible significant drop, confirming the bearish signal after breaking the neckline. Ensure risk management while trading this move.
Key Description:
1. Pattern Identification:
Left Shoulder: A rise followed by a temporary dip.
Head: A higher peak after the left shoulder.
Right Shoulder: A rise that doesn't surpass the head, followed by a dip.
2. Trendline/Neckline: A support line connecting the lows between the shoulders and the head, signaling where the price could break down.
3. Bearish Breakout:
Price breaks below the neckline, confirming the pattern.
Target (projected move): Typically equals the height from the head to the neckline.
4. Price Levels:
Current level: Around $104,999.66.
Projected target: $95,032.54, as shown by the downward arrow.
This setup suggests a possible significant drop, confirming the bearish signal after breaking the neckline. Ensure risk management while trading this move.
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/+1KvvfleHL2c3NTlk
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/+1KvvfleHL2c3NTlk
✅ ✅ Perfect Signals Provider With 90% Accuracy
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/+1KvvfleHL2c3NTlk
✅ Provide Gold And All Pair Signals
✅ Minimum 1000 to 1500 Pips Weekly Target
✅ 97% Accuracy
✅ Account Management Service Available/Profit Share 50/50
t.me/+1KvvfleHL2c3NTlk
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.