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InvestingScope
May 4, 2023 5:22 PM

BTCUSD Trade the Triangle's break out. 

Bitcoin all time history indexINDEX

Description

BTCUSD is trading inside a Triangle that has been holding for 3 weeks. Both the 4H (RSI = 52. 631, MACD = 105.300, ADX = 23.108) and 1D (RSI = 52.837, MACD = 205.700, ADX = 20.677) technicals are neutral, so the best approach would be to wait for the price to break out of the Triangle regardless the direction and trade accordingly.

Over it, we will target the R1 (TP = 31,000), while under it, we will target the S1 (TP = 27,000).



Prior idea:



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Comments
ReallyMe
And it has broken out to the downside, just like I said.
ReallyMe
This triangle is imaginary, bitcoin will break out to the downside. chill out.
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