Bitcoin (BTC/USDT) – RTM Reversal Pattern in Action

5 ago

🔸 Market Structure:

Bitcoin has formed a descending channel after a prolonged correction. Recently, price tapped the channel bottom and printed a CHoCH (Change of Character), indicating a potential reversal.

The price has now retraced to the left shoulder of a potential inverse head & shoulders pattern—an RTM classic structure—which held as support, suggesting bullish continuation.

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🔸 Key Technical Signals:
• ✅ CHoCH confirmed at demand zone near $112,300
• ✅ Retest of the left shoulder validates bullish structure
• ✅ Holding above the internal bullish trendline
• ✅ Price aiming toward upper channel resistance

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🎯 Target:

$116,200 – Top of the descending channel & next key resistance.

❌ Invalidation:

Break and close below $112,800 would invalidate the current RTM setup and open room for deeper correction.

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📌 Summary:

This is a textbook RTM reversal:
CHoCH → Retracement → Left Shoulder Test → Continuation

As long as the structure holds, we remain bullish toward the channel top.

7 ago

Trade attivo

Bitcoin followed the analysis precisely and reached its first resistance at $115,700 (white line), reacting to that level. However, the main resistance lies at the top of the descending channel around $116,000. In my view, Bitcoin has formed a liquidity pool around $115,700 — a potential trap that could trigger many stop-losses once broken, pushing the price toward $116,000. We’ll monitor the price action closely at that level to determine the next move.