BTC - Head & Shoulders pattern forming!

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Here's a quick look at BTC 30 min. chart. Upon observation of the price chart, it appears that a head and shoulders formation has materialized, indicating the potential for a downward move if the neckline is breached. The neckline is currently positioned at 29.8k, and it is prudent to monitor this level closely in the event of a break below it, which could trigger a move down to the support zone.

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Recent Altcoin trades:

ARB / USDT: 5% profit
ARB - Trade idea


APE / USDT: 7% profit (Still going)
Dont buy APE before this level i broken! APE Trade setup


DOGE / USDT: 2.3% profit
DOGE - Keep an eye on this level!


XRP / USDT: 2.4% profit
XRP - Keep an eye on this level!


DOGE / USDT: 20% profit
DOGE - Wait for this level to break!


XRP / USDT: 9% profit
XRP - Trade setup: Keep an eye on this level!


SHIB / USDT: 3.4% profit
SHIB - Keep an eye on this level!


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About our trades:
Our success rate is notably high, with nine out of ten of our posted trade setups achieving at least their first target upon a breakout price breach. Our TradingView page serves as a testament to this claim, and we invite you to verify our results firsthand.

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With regards to ALTs:
When should you trade ALTs? Here's the level to watch:


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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Not
It broke down quick! Watch the Support Zone
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Not
This neckline zone is better to watch than the neckline level. A breach of this zone would definitely put it down to 29k!
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Bearish PatternsBeyond Technical AnalysisBTCBTCBUSDBTCUSDBTCUSDTChart Patternshead_and_shoulderTrend Analysis

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