This chart shows a potential bullish reversal pattern in Bitcoin's price (BTC/USD) on the 30-minute timeframe. The pattern resembles an inverse head and shoulders, marked by the orange circles and the green horizontal support line.
Key elements:
Entry Point: Near the green arrow at support (around $93,677).
Stop Loss: Just below the support zone (red area).
Take Profit: Near the previous resistance (top green zone, around $95,644).
Risk/Reward: Favorable, as the potential reward is significantly higher than the risk.
The chart suggests a buy trade setup assuming the support holds and price follows the projected blue path upward.
Would you like help analyzing whether this pattern is reliable based on current market data?
Key elements:
Entry Point: Near the green arrow at support (around $93,677).
Stop Loss: Just below the support zone (red area).
Take Profit: Near the previous resistance (top green zone, around $95,644).
Risk/Reward: Favorable, as the potential reward is significantly higher than the risk.
The chart suggests a buy trade setup assuming the support holds and price follows the projected blue path upward.
Would you like help analyzing whether this pattern is reliable based on current market data?
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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.
📲 Join telegram channel free ..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/Money_Magnet08
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/Money_Magnet08
Gold Signal's with proper TP & SL for high profit opportunities..
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.