BTC - Head & Shoulders pattern forming!
Updated
Here's a quick look at BTC 30 min. chart. Upon observation of the price chart, it appears that a head and shoulders formation has materialized, indicating the potential for a downward move if the neckline is breached. The neckline is currently positioned at 29.8k, and it is prudent to monitor this level closely in the event of a break below it, which could trigger a move down to the support zone.
-------------------------------------------
Recent Altcoin trades:
ARB / USDT: 5% profit
APE / USDT: 7% profit (Still going)
DOGE / USDT: 2.3% profit
XRP / USDT: 2.4% profit
DOGE / USDT: 20% profit
XRP / USDT: 9% profit
SHIB / USDT: 3.4% profit
-------------------------------------------
About our trades:
Our success rate is notably high, with nine out of ten of our posted trade setups achieving at least their first target upon a breakout price breach. Our TradingView page serves as a testament to this claim, and we invite you to verify our results firsthand.
-------------------------------------------
With regards to ALTs:
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
-------------------------------------------
Recent Altcoin trades:
ARB / USDT: 5% profit
APE / USDT: 7% profit (Still going)
DOGE / USDT: 2.3% profit
XRP / USDT: 2.4% profit
DOGE / USDT: 20% profit
XRP / USDT: 9% profit
SHIB / USDT: 3.4% profit
-------------------------------------------
About our trades:
Our success rate is notably high, with nine out of ten of our posted trade setups achieving at least their first target upon a breakout price breach. Our TradingView page serves as a testament to this claim, and we invite you to verify our results firsthand.
-------------------------------------------
With regards to ALTs:
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups.
BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Comment
It broke down quick! Watch the Support ZoneComment
This neckline zone is better to watch than the neckline level. A breach of this zone would definitely put it down to 29k!
Experience our top-tier setups with our Premium Group for only 129$ Lifetime membership!
🎖Telegram: t.me/MBM_786kr🎖
🎖Telegram: t.me/MBM_786kr🎖
Related publications
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.