📉 BITCOIN (BTC/USD) – Possible Breakdown Ahead | Inverse Double H&S Failure Pattern
Chart Overview:
Bitcoin has formed a rare and complex Inverse Double Head & Shoulders structure — typically a bullish reversal pattern. However, such extended and repeated formations tend to fail in most real-world scenarios and act as a reversal trap. This failure often leads to a sharp downside breakout, making it a powerful contrarian signal.
Key Observations:
Multiple Left and Right Shoulders signal pattern fatigue.
Lack of strong bullish momentum post neckline testing.
Price showing weakness near upper range resistance.
Bearish structure forming with potential breakdown path marked.
🔻 Bearish Scenario:
Expecting breakdown if neckline breaches with momentum:
Target 1: $99,998
Target 2: $97,210
⚠️ Confirmation Needed:
Watch for volume confirmation and neckline breach to enter.
Consider managing risk above the recent swing high near $105K.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and consult your financial advisor before making investment decisions.
Chart Overview:
Bitcoin has formed a rare and complex Inverse Double Head & Shoulders structure — typically a bullish reversal pattern. However, such extended and repeated formations tend to fail in most real-world scenarios and act as a reversal trap. This failure often leads to a sharp downside breakout, making it a powerful contrarian signal.
Key Observations:
Multiple Left and Right Shoulders signal pattern fatigue.
Lack of strong bullish momentum post neckline testing.
Price showing weakness near upper range resistance.
Bearish structure forming with potential breakdown path marked.
🔻 Bearish Scenario:
Expecting breakdown if neckline breaches with momentum:
Target 1: $99,998
Target 2: $97,210
⚠️ Confirmation Needed:
Watch for volume confirmation and neckline breach to enter.
Consider managing risk above the recent swing high near $105K.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and consult your financial advisor before making investment decisions.
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.
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.