"As I predicted yesterday regarding the BTC/USDT 4-hour chart, the price action has followed a potential Head and Shoulders pattern, just as expected. The market moved in line with the systemic structure I anticipated." #BTC #BTCpredictions #cryptouniverseofficial #crypto
Upon analyzing the 4-hour BTC/USDT chart, here's a breakdown with respect to the Head and Shoulders pattern:
Key Characteristics of a Head and Shoulders Pattern:
1. Left Shoulder: A price rise, followed by a peak, then a decline.
2. Head: A higher price rise forming a peak higher than the left shoulder, followed by another decline.
3. Right Shoulder: A price rise again, but lower than the head, followed by another decline.
4. Neckline: A line connecting the two lows between the shoulders and the head.
What’s in the Chart:
The chart shows a peak around $105,819.45, which could resemble the head.
To the left of this head, there is a smaller peak around $104,000–$104,500, which could resemble the left shoulder.
To the right of the head, there's a lower high forming, which may be forming the right shoulder, but it is not fully formed or confirmed yet.
The neckline (support line) seems roughly between $100,500–$101,000.
Conclusion:
Tentatively, the chart is showing signs of a potential Head and Shoulders pattern, but it is not yet fully formed. For confirmation:
The price should break below the neckline (~$100,500–$101,000) with strong volume.
If that happens, it would confirm a bearish reversal pattern.
Until that neckline breaks decisively, this remains only a potential Head and Shoulders pattern and not an actionable confirmation. #BTC/USDT #BTCPricePredictions #BTC
Since Bitcoin (BTC) dominates the crypto market cap and sets the trend, it’s crucial to analyze BTC before executing trades in altcoins. Here's a refined crypto trading strategy based on your insight:
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Crypto Trading Strategy: BTC-Led Altcoin Entry
**1. BTC Analysis First – “The Market Leader”
Trend Direction: Use daily and 4H timeframes to determine if BTC is bullish, bearish, or ranging.
Uptrend: Higher highs and higher lows
Downtrend: Lower highs and lower lows
Sideways: Consolidation with volume drop
Key Levels: Mark support/resistance, trendlines, and Fibonacci retracement zones.
Indicators: Use RSI (divergence), MACD crossover, and volume spikes.
From the 4-hour BNB/USDT chart, here’s an analysis regarding the Head and Shoulders pattern:
Key Points Observed:
Left Shoulder: Around $674-$680, formed before the price surged to the top.
Head: The peak at $693.00, forming the highest point in this structure.
Right Shoulder: Appears to be forming (or just formed) around $670-$675, which is slightly lower than the head but roughly in line with the left shoulder.
Neckline: Can be drawn connecting the lows between the shoulders and the head — approximately around the $626-$630 range.
Pattern Status:
The right shoulder has started to form and price has pulled back to around $651.76.
Volume during the right shoulder shows declining buying interest, which supports the possibility of a weakening bullish trend.
Conclusion:
Yes, a Head and Shoulders pattern is potentially forming.
To confirm the pattern:
Price needs to break below the neckline (~$626) with strong volume.
If that happens, it signals a bearish reversal with a potential target near $560-$570, depending on how you measure the head-to-neckline height.