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ba707
Apr 10, 2021 8:11 AM

Bitcoin is breaking out of symmetrical triangle Long

BINANCE:BTCUSDT1D
Bitcoin / TetherUSBinance

Description

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The symmetrical triangle is formed by the recent dumps and it's getting broken out. There is a large triangle and as well as a smaller one The larger one gives 79k as the target if broken out completely.

We can form a smaller one as well with a more complete symmetrical setup. Its target is marked as TP1.

TP1 - smaller triangle target
TP2 - Larger triangle target

I would say to set a smaller target for now and check the momentum.

Comment

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Hope everyone is entered with the position. From tomorrow, I see chances of the bullish cycle.

Trade active

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Today BTC broke the ATH, it's following the path.

Trade active

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Bumpy road ahead of BTC, you can see occasional corrections.
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