BTC has created a symmetrical triangle. This could go both ways, up or down. First we need to wait for a breakout before we make a trade. So be patient. Once it breaks out to a higher price point, this could really be a turning point for BTC price. Let's see....
Trade active:
Solid breakout, solid volume.
Comment:
Just a heads up for this rising wedge pattern. Indicates price drop...
Comment:
Price pulled back to the triangle's resistance line. To understand what's happening we must zoom in more and look at the 5 min chart. It shows a falling wedge which usually means increasing price.
Trade closed: stop reached:
Fakeout