Symmetrical triangle information : Upward Breakouts Average rise 31%(bull market) 26%(bear market)
Downward Breakouts Average decline 17%(bull market) 19%(bear market)
Statistics: “I Don’t Believe the Numbers” average rise/decline represents perfect trades. A perfect trade is one in which you buy at the breakout price and sell at the ultimate
high—the highest high before prices decline
Looking for a possible upwards break out using (50) and break the long term 600USD/BTC resistance as well.
Traders willing to take a bigger risk should enter a long position now wait to see an upward breakout.
We can see parallel lines formed in the indicators which validates that prices are in a consolidation period.
The triangle formation also ends in the region of the kumo which adds more confirmation that prices will continue consolidating in that region as well.
1 HOUR TIME FRAME ANALYSIS
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