MoonTrader

Wait for triangle resolution

BITFINEX:BTCUSD   Bitcoin / Dollar
I'm still neutral as we wait for this triangle to resolve. Rarely do we see symmetrical triangles like this one, so this is a good opportunity to wait for a confirmation and then get in a long or short trade. We can see the price consolidating within the end of the triangle, but nothing is for sure until we get to the end.

This could be a significant pop in either direction, so it's a good chance to make money whichever way it breaks. Just be ready and have orders set so you can sit back and relax for a good high-probability trade.

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