General thoughts: overall long BTCUSD.
Trading in this triangle perfect trap for bears and bulls, my thinking is that price action will IGNORE the triangle, continue in the existing range for a while before eventually breaking to upside. May see some volatility around the triangle as it closes.
Price may hit low of around $7500 at an extreme, this, i believe would be the lowest low before continuing back into current range, then eventually breaking higher.
Trading in this triangle perfect trap for bears and bulls, my thinking is that price action will IGNORE the triangle, continue in the existing range for a while before eventually breaking to upside. May see some volatility around the triangle as it closes.
Price may hit low of around $7500 at an extreme, this, i believe would be the lowest low before continuing back into current range, then eventually breaking higher.