BTC/USD is forming a triangle pattern in the 4H chart. Since they can be continuation or reversal patterns we cannot predict the price direction, we need to wait for the price to break out of the pattern to indicate which direction it is going. What it is for sure is that once it breaks the triangle, the price will do a strong movement in the direction it broke the pattern(either up or down). If it breaks the resistance line, we should buy around the previous highest price. The opposite if it breaks the support line.
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BTC/USD keeps trading inside the triangle. The closer we get to the end of the triangle, the more vigilant we have to be.
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Buying opportunity!!!!
The price just broke the resistance line of the triangle and passed the previous highest price of 6570 USDT (which is the buying price level for a triangle).
The price just broke the resistance line of the triangle and passed the previous highest price of 6570 USDT (which is the buying price level for a triangle).