BTCUSDT: two scenarios!
hello guys!
Key Observations:
Pattern Formation:
Left Shoulder: Formed earlier around the $97,000 region.
Head: A drop to approximately $96,598.96 (Fibonacci 0.618 retracement level).
Right Shoulder: A potential retest of the $97,800 support area before continuation.
Price Scenarios:
Scenario 1: Bitcoin breaks the current resistance near $103,000 and continues to the target zone at $107,992.11.
Scenario 2: A retest of the $97,800 support region (right shoulder), followed by a bullish breakout to the $107,992.11 target.
Targets:
Major target: $107,992.11 (blue supply zone at the top).
Technical Confirmation:
Price is currently consolidating above the neckline and above key Fibonacci support (0.618 at $96,598.96).
Breaking the $103,000 resistance decisively could validate a strong bullish move.
Conclusion:
If BTC maintains support above $97,800 and breaks above $103,000, there is a higher probability of reaching the $107,992.11 target. Watch for bullish momentum confirmation and avoid downside risk if the right shoulder level fails.
Key Observations:
Pattern Formation:
Left Shoulder: Formed earlier around the $97,000 region.
Head: A drop to approximately $96,598.96 (Fibonacci 0.618 retracement level).
Right Shoulder: A potential retest of the $97,800 support area before continuation.
Price Scenarios:
Scenario 1: Bitcoin breaks the current resistance near $103,000 and continues to the target zone at $107,992.11.
Scenario 2: A retest of the $97,800 support region (right shoulder), followed by a bullish breakout to the $107,992.11 target.
Targets:
Major target: $107,992.11 (blue supply zone at the top).
Technical Confirmation:
Price is currently consolidating above the neckline and above key Fibonacci support (0.618 at $96,598.96).
Breaking the $103,000 resistance decisively could validate a strong bullish move.
Conclusion:
If BTC maintains support above $97,800 and breaks above $103,000, there is a higher probability of reaching the $107,992.11 target. Watch for bullish momentum confirmation and avoid downside risk if the right shoulder level fails.
Transaction en cours
scenario 1 is running:
Trade fermée: cible de profit atteinte
so close to final target
Note
Trade closed: target reached
the pointed area touched
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
👉 my broker:: bit.ly/HYMCMELI
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
____
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.