Lingrid | BITCOIN Leveraging the TRIANGLE Pattern

26 de ago.

BTCUSDT has broken and closed above the triangle pattern, which is typically a trend continuation pattern. On the daily timeframe, nothing has fundamentally changed; the price simply bounced off the bottom of the consolidation zone. If you observe, there was accumulation around the 60,000 level, and the price may pull back toward this zone, bounce off then move up. I believe the market is in the process of creating the second extension leg of the triangle pattern. Additionally, on the weekly timeframe, the price has broken through the inside bar pattern, which is also a bullish sign. My target is resistance zone around 69,000


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻