BTC: Potential Symmetrical Triangle Breakout Pattern
Hi friends!
Recently I discovered a classic trading pattern on the BTC 4H chart: Bullish Symmetrical Triangle.
The Symmetrical Triangle is a continuation chart pattern - usually, the price breaks out from the upper trend line in the direction of the prior trend.
Everything's on the chart:
- Beautiful Triangle: we can see how it is formed in an ongoing uptrend
- The price is consolidating between Descending upper trendline and Ascending lower trendline
- RSI is neutral, with a chance of Bullish Divergence
- Volume is decreasing
Let's see how this pattern may play out this week!
Please hit the LIKE button and share your thoughts - would you bet on it?!
Recently I discovered a classic trading pattern on the BTC 4H chart: Bullish Symmetrical Triangle.
The Symmetrical Triangle is a continuation chart pattern - usually, the price breaks out from the upper trend line in the direction of the prior trend.
Everything's on the chart:
- Beautiful Triangle: we can see how it is formed in an ongoing uptrend
- The price is consolidating between Descending upper trendline and Ascending lower trendline
- RSI is neutral, with a chance of Bullish Divergence
- Volume is decreasing
Let's see how this pattern may play out this week!
Please hit the LIKE button and share your thoughts - would you bet on it?!
Trade active:
Well, the small short had successfully played out! Long will be the next!
Trade active:
Hah, the triangle turns into Bull Flag, but it's still a bullish pattern!
Order cancelled
