Bitcoin's price action is showing some interesting technical signals worth monitoring. The upside area of interest has been tested, followed by a bearish head-and-shoulders confirmation on the 1-hour timeframe. Meanwhile, the 4-hour RSI is flashing divergences that could suggest an early reversal is brewing. These setups don't guarantee anything, but they're worth keeping an eye on if you're trading BTC. Stay sharp out there.
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HodlAndChill
· 01-16 23:07
Another head and shoulders pattern? I stopped believing in that long ago. Take it one step at a time.
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MetaMasked
· 01-16 18:09
The head and shoulders pattern has appeared again. Amazing. Can it break through so many people's stop-loss this time?
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NFTRegretter
· 01-16 00:57
Talking about head and shoulders again? I've seen this kind of thing many times, and in the end, it just gets smashed through.
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PumpDoctrine
· 01-15 23:06
Head and shoulders top is back again. Is this really the real deal or just another rebound? I stopped believing in RSI divergence a long time ago. I keep calling for reversals every day—don't you all have a sense of how it's going?
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GasFeeSurvivor
· 01-15 23:04
Is the head and shoulders top confirmed? Then we need to be cautious. Although charts don't lie, wallets are the most honest.
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PrivateKeyParanoia
· 01-15 22:59
Head-and-shoulders is back again, I'm tired of seeing this trick...
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MEVHunterWang
· 01-15 22:59
Head and shoulders top is back. Can it break down this time? The RSI is diverging, which is quite interesting.
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ProofOfNothing
· 01-15 22:43
Head and shoulders top is back again, is this for real this time?
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ContractCollector
· 01-15 22:41
Head and shoulders top is back. Is this time really going to drop? By the way, I've seen RSI divergence too many times, and it always ends up reversing and mocking me.
Bitcoin's price action is showing some interesting technical signals worth monitoring. The upside area of interest has been tested, followed by a bearish head-and-shoulders confirmation on the 1-hour timeframe. Meanwhile, the 4-hour RSI is flashing divergences that could suggest an early reversal is brewing. These setups don't guarantee anything, but they're worth keeping an eye on if you're trading BTC. Stay sharp out there.