Bitcoin has continued to exhibit a robust bullish trend, persistently driving towards completing the Inverse Head and Shoulders (ISHS) target, previously discussed in our analysis
The target level is clearly indicated on the chart and is anticipated to pose as a crucial and formidable resistance point. It is advisable to watch it closely and monitor this level for potential corrective movements.
In case the volume supporting the price surge is substantial, there's a likelihood of Bitcoin extending its momentum to achieve the extended pattern target level. However, caution is advised at this juncture, as reaching this level might trigger a substantial drop.
On the other hand, there exists an essential support zone that acts as a strategic area for potential buying opportunities whenever the price revisits this zone. It's crucial to note that Bitcoin is known for its high volatility. Therefore, approaching trades with astute strategy and consistently applying appropriate risk management measures are highly recommended.
Your engagement and insights in the comments section are appreciated.
Thank you.
The target level is clearly indicated on the chart and is anticipated to pose as a crucial and formidable resistance point. It is advisable to watch it closely and monitor this level for potential corrective movements.
In case the volume supporting the price surge is substantial, there's a likelihood of Bitcoin extending its momentum to achieve the extended pattern target level. However, caution is advised at this juncture, as reaching this level might trigger a substantial drop.
On the other hand, there exists an essential support zone that acts as a strategic area for potential buying opportunities whenever the price revisits this zone. It's crucial to note that Bitcoin is known for its high volatility. Therefore, approaching trades with astute strategy and consistently applying appropriate risk management measures are highly recommended.
Your engagement and insights in the comments section are appreciated.
Thank you.
Trade attivo:
BTC make a significant move and our expectation remain same.
Trade attivo:
BTC still aiming for the target, it required patience, let wait for it.
Trade attivo
Trade attivo:
Price aiming for extended pattern target after achiving the ISHS target.
Trade attivo
Trade chiuso: obiettivo raggiunto
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