Hi guys: BTCUSD 1hr chart has created symmetrical triangle the price can either go up or down it all depends on the triangle's support and resistance every hr the triangle is getting more narrow the decision making point is getting closer. since last 15 hr the pressure at the bottom support is more than resistance coz the candles are traveling in bottom of triangle since last 15 hrs.
Trade active:
Plz ignore the resistance 6200 on chart it is 6350
Trade active:
As earlier we saw that the candles were traveling at bottom of symmetrical triangle and got 4 bounces from support now at 4rth bounce the price is going up if the resistance of 6300 will be broken and the price will stay above 6300 (after fib retracement) then we can see the 6550 breakout then 6800 to 7000 will be acheiveable easily after breakout
Comment:
Hi guys BTC was able to stay above 6300 therefore the btc hit the 6550 breakout point now after this breakout the rally to 7000 is confirmed so enjoy the rally guys see you after 6900
Trade closed: target reached:
great this trade gave 9.54 percent after breaking breakout of the triangle