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CryptoPatel
Apr 10, 2024 8:46 AM

Bitcoin Symmetrical Triangle Fake breakout 

Bitcoin / USDTGemini

Description

#BitcoinUpdate | CRYPTOCAP:BTC Trading Insights

Current Formation: CRYPTOCAP:BTC is sculpting a Symmetrical Triangle, suggesting a pivotal movement ahead.

Recent Activity: Noticed a Fake Breakout with BTC/USDT, reverting to trade within the Symmetrical Triangle.

Bearish Alert: Caution if #BTC plunges below 65k. This level is a critical juncture for future trends.

Strong Support: Steadfast at $65,000. Bulls dominate above this threshold.

Trading Strategy: Hold your trades until a clear Symmetrical Triangle Breakout. Patience is key.

Bullish Outlook: An upward breakout could signify a monumental bull run for Bitcoin.

Engage & Share: RT/Like if you find this setup aligned with your market expectations. Let’s ride the wave together!
Comments
MyCryptoParadise_Nathan
Your examples really helped illustrate the point you were making.
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