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Cogg
May 7, 2022 1:40 AM

BTC possible running triangle set up 

Bitcoin / TetherUSBinance

Description

I'm not very bullish right now due to rising interest rates, and tightening monetary supply - but over looking the daily chart, I seen this potential set up.

The play would be buying near (5) - the support at the bottom of the triangle, with your stop set just below support.

Comments
SoupKitchenManagement
ya i think so too been tracking it for 2 weeks maybe
SoupKitchenManagement
@markus41, oh this is btc sorry i was tracking ETH's but same concept
Cogg
@markus41, interesting, I’ll check out ETH. Worth a shot at these levels… not much risk for potentially high reward.
SoupKitchenManagement
@Cogg, ya you could check out my last 2 or 3 postings about it
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