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📉 #BTC – Potential Inverse Head & Shoulders in Play
Bitcoin is showing signs of a classic inverse head and shoulders formation on the daily chart. However, it's facing heavy resistance near the neckline around the $106,000 zone.
🧠 Possible Scenario:
A correction toward the
92K–$93K range could complete the right shoulder before a potential breakout. If we see a clean bounce from that level, bulls might reclaim momentum.
⚠️ Invalidation:
A daily close above $106,000 would invalidate the structure and signal early continuation.
💬 What do you think of this setup? Drop your views and analysis in the comments below!
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver! 💹🔥
📉 #BTC – Potential Inverse Head & Shoulders in Play
Bitcoin is showing signs of a classic inverse head and shoulders formation on the daily chart. However, it's facing heavy resistance near the neckline around the $106,000 zone.
🧠 Possible Scenario:
A correction toward the
92K–$93K range could complete the right shoulder before a potential breakout. If we see a clean bounce from that level, bulls might reclaim momentum.⚠️ Invalidation:
A daily close above $106,000 would invalidate the structure and signal early continuation.
💬 What do you think of this setup? Drop your views and analysis in the comments below!
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.