I would like to present a short term trading opportunity based on a possible cyclic smoothed RSI breakout.
BTC/USD currently trades within a symmetrical triangle and shows strong support within the 13.000 - 14000 USD region. A possible cyclic RSI breakout provides a further opportunity for a long position.
PLEASE NOTE: As we can expect a strong movement upon completion of the symmetrical triangle. At this point, I highly advise to be cautious near the lower tiangle line. A bullish breakout of the triangle would alternatively provide a safe entry with sufficient confirmation of the continuation pattern at 15.800 USD.