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Bitcoin / TetherUS
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Bitcoin Forming Head & Shoulders – Watch for a Fake-Out

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Pattern Formation: A complex Head and Shoulders structure is forming:

  1. Left Shoulder ✅
  2. Double Head ✅
  3. Right Shoulder forming 🔄



Resistance Zone: The price is currently near a strong resistance area (around $87,000–$88,000).
This zone is likely to act as a ceiling and reject the price.

Expected Move (Blue Arrows):
shows a possible fake breakout above the resistance.
Then, a strong drop is expected, targeting:

First support near $78,000


Trade closed: stop reached
melikatrader94
👉 My recommended broker: bit.ly/HYMCMELI
____


Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Also on:
Beyond Technical AnalysisbitcoinpredictionbitcoinpriceBTCBTCUSDBTCUSDTChart PatternsTrend Analysis

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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.
Beyond Technical AnalysisbitcoinpredictionbitcoinpriceBTCBTCUSDBTCUSDTChart PatternsTrend Analysis
melikatrader94
👉 My recommended broker: bit.ly/HYMCMELI
____


Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Also on:

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.