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🚨 BTC JUST PRINTED BEARISH HEAD AND SHOULDERS PATTERN LS -> Head at $65,400 -> RS -> neckline break -> retest into $62,800 Then, rejection followed. Textbook execution. The retest is the key moment here - neckline flipped from support to resistance, price got rejected and now basically in... show more
42,517 görüntüleme • 3 ay önce •via X (Twitter)
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Markets love turning support into resistance

Head and shoulders remains CT's favorite villain

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Interesting breakdown from that level

are bears finally getting follow-through?

what happens if $58k becomes the bear trap?

58-59k target look clean if weekly support break

A measured move is a target, not a promise

Markets love making patterns look obvious only after they complete. This one was pretty clean from break to retest to rejection. 👀

Textbook patterns always look clean after the retest

Everyone wants confirmation until it arrives

textbook execution. the textbook: $126k edition

That head and shoulders played out exactly as the bears drew it up, and now that we've cracked 60.5k, that 58k target is looking inevitable. With Fear and Greed sitting at 17, we're definitely in the "blood in the streets" zone, which is usually when the best setups for a mean reversion start forming. Keep your eyes on the order books for signs of exhaustion, but don't try to catch this falling knife until we see some real volume absorption.

Check dm

The neckline reaction is usually where the story gets decided

what if this is just liquidity hunting before reversal?

The more timeframes align, the harder they are to ignore

solid analysis 🔍
