BTC's $107k Inverse Head & Shoulders Projection
Updated
Bitcoin is forming a potential inverse head and shoulders pattern on the 1-hour timeframe, indicating a bullish projection toward 107k.
The immediate demand zone offers a strong buy opportunity, while a break below this level shifts focus to the buy-back zone for potential re-accumulation. This bullish scenario remains valid unless price breaks below the pattern head, coinciding with the critical BIG wave 4 support level.
Volume confirmation is essential to validate the breakout above the neckline. A breach of the neckline could trigger momentum toward the projected target, while failure to sustain key levels may result in deeper retracements.
The immediate demand zone offers a strong buy opportunity, while a break below this level shifts focus to the buy-back zone for potential re-accumulation. This bullish scenario remains valid unless price breaks below the pattern head, coinciding with the critical BIG wave 4 support level.
Volume confirmation is essential to validate the breakout above the neckline. A breach of the neckline could trigger momentum toward the projected target, while failure to sustain key levels may result in deeper retracements.
Trade active
ISHS still in progress, let see how this play out, it's a matter of time before BTC make the move.
Trade closed: target reached
Massive achievement family. Great outing.
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