Technical analysis by Khalidd93 about Symbol BTC: Buy recommendation (8/17/2024)

Head and shoulder pattern on H4 timeframe backed up by stochastic oscillator on H1 timeframe with trend continuation momentum to the upside, the previous weekly candle close shows liquidity grab for me and stochastic is also showing a trend reversal, good risk to reward trade. i would recommend splitting your original position into 3 proportionate trades and targeting each target, once tp 1 is hit move stops to breakeven on the remaining 2 positions.the weekly chart is showing a flag patter which if breaks to the upside can take the price to 80k,100k,140k IMO but obviously we have to look for great timing entries with great risk to reward ratios into these prices