TradingView
CRYPTOMOJO_TA
May 15, 2022 5:21 AM

#BTC: SYMMETRICAL TRIANGLE PATTERN FORMATION!! Long

Bitcoin / TetherUSBinance

Description

Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!

I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.

BTC UPDATE

BTC is forming this bullish symmetrical triangle pattern in a 1 hour frame currently it is retesting the lower support of this pattern we expect a bounce from there.

We just need to break out this symmetrical triangle pattern.

we can buy BTC with an SL ( CLOSE IF IT’S CLOSE THE CANDLE BELOW THIS LOWER LEVEL)

If it breaks the lower support then the chart will be invalid.

This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
I would also love to know your charts and views in the comment section.

Thank you
Comments
BikBookly
Bruh, how can this be bullish? Symmetrical formations have more of a chance to be a trend continuation. A reversal could happen, but that doesn't excuse you misleading.
evasivesteering
Thank you for your analysis. However, I have a different view for BTC. Check my latest one:


Cheers!
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