The price ended up breaking above the top of the triangle pattern. After the upside breakout confirmation price should go higher, by around the same vertical distance as the height of the triangle but my target is 36% this time.
In daily Time frame long term trend line about to break and as per previous breakout it possible up to 7-8% bounce due to there is resistance line.
MACD also looks positive.
Entry point now or after breakout done.
BINANCE:BTCUSDT BTC was in falling wedge channel in 4h time frame and breakout/fakeout done.
Its possible to come down upto yellow line for retest if fail to bounce back we consider it as fakeout.
Next possible scenario for month September is DEAD CAT BOUNCE.
In short scalp trade I am in short for sure cause of two reasons retest and weekend movement is forming.