BTC/USD

This is my analysis for BTC/USD in the 4hr time frame. I have 2 possible scenario that more likely explode soon in my analysis for BTC/USD. We have symmetrical triangle formation and the best way to trade these formations are to wait for a breakout doesn't matter upward or downwards. After a breakout we always see small correction after a short rally and then we see longer rally just after the correction and the lines I draw exactly refers to what I explained now. From my point of view, I'd definitely expect to see a uptrend drawn by green since we already had uptrend before the triangle formation occurred.

I expect to see a bullish trend just after a breakout and keep in mind that we will definitely have corrections on the way of bullish trend .

Again please also keep in mind that, best time to open a position is just after a breakout. If we see a breakout upwards then the trend will more likely be bullish , and if it breakouts downwards, then the trend will more likely be bullish .

Tip ! : This is not an investment advice. This analysis is prepared for educational purposes only and individuals should make their own research to trade !!!

Comment:

I've just noticed that I've made a typing error at the 3rd paragraph. The word of bullish at the end of the sentence supposed to be bearish in the end of the 3rd part of the analysis.

Thank you