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lanehammet22
Apr 5, 2024 3:22 PM

BTC - Triangle Break Out Imminent? 

Bitcoin / TetherUSBinance

Description

Symmetrical Triangle Breakout on BTC with higher probability than break down. I see many people looking for 53-57K - it will be difficult to test those areas but its possible. Also the crowd is generally wrong. With the order blocks stacked around 60K it will be difficult to break that level. Crowd sentiment on the current stock market and BTC are short term bearish. My bet is that it goes the other way - and quickly. The longer this triangle plays out the strong the move will be

Comment

Testing the top of the range. Don't be surprised by a move back down to capture more liquidity

Comment

Liquidity picked up with quick move down. Now BTC.D rising. By the way that red line that it just wicked down to perfectly on the chart....thats the first top of BTC in 2021 (the on chain top of BTC). Retested perfectly....send it
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