BTC is still in consolidation phase
Hi everyone, here is my TA on BTC/USDT on a 4h Time frame
- The Market of BTC has been consolidating for the past couple of weeks forming a symmetrical triangle pattern
- I'll be waiting for a confirmed breakout either to the upside or down side before making a decision
- Here is my play, if the price of BTC broke above the trend line, retest and got a rejection, I'm bullish, if it broke below the trend line, retest and got a rejection, I'm bearish and will short sell from there...
Overall, I'll be waiting for a confirmed breakout before deciding. That's all, take care guys! NFA, DYOR and TAYOR.
- The Market of BTC has been consolidating for the past couple of weeks forming a symmetrical triangle pattern
- I'll be waiting for a confirmed breakout either to the upside or down side before making a decision
- Here is my play, if the price of BTC broke above the trend line, retest and got a rejection, I'm bullish, if it broke below the trend line, retest and got a rejection, I'm bearish and will short sell from there...
Overall, I'll be waiting for a confirmed breakout before deciding. That's all, take care guys! NFA, DYOR and TAYOR.
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