Charts Only Trading
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Charts Only Trading 📈| Bitcoin & Crypto Chart Analyst $BTC
Pure Technical Analysis • Education Focused
Not Financial Advice • I Never DM First
Charts Only Trading pinned «Charts Only Trading 📈| Bitcoin & Crypto Chart Analyst $BTC Pure Technical Analysis • Education Focused Not Financial Advice • I Never DM First»
If you trade using charts, this approach will definitely be useful.

Do you truly understand the Head And Shoulders pattern?
Let's break it down with Bitcoin's real-world example at its all-time high.

1. This chart shows #Bitcoin at its historical all-time high (formed at the top)
2. Highest volume spikes at the left shoulder—that's your early warning signal.
3. Price makes a higher high, but volume fails to do so — a clear volume divergence confirmation.
4. Neckline slopes upward (not down), and the right shoulder forms a lower high than the left—textbook setup.
5. After a retest of the neckline, price dives into a sharp decline.

Use it properly, or don't use it at all.
The #HeadAndShoulders pattern crushes when conditions align perfectly.

This is my original educational breakdown on valid H&S setups in crypto.
What’s going on with #ETH?

Ethereum seems to be forming a Bearish Bat harmonic pattern.
In the Bat pattern, the 0.618 Fibonacci retracement level is a key area where even a dead cat bounce could occur.

If the price fails to bounce here, the market could turn strongly bearish.

I entered a long position at 2962,
planning to take partial profits at 2985,
with a stop loss set at 2940.

#BTC #Crypto #Trading #HarmonicPatterns