rfxhaan

[DYOR!] The descending triangle has formed

BINANCE:BTCUSDT   Bitcoin / TetherUS
We can see here on the 15-min timeframe that BTCUSD is forming an Ascending Triangle pattern, which indicates that the market will react upwards. However, there may be a correction beforehand, either through rejecting or a fake move. I strongly advise you to conduct your own research and exercise caution when making investment decisions, as I am not responsible for any losses you may incur.

It is important to note that while technical analysis can provide insights and help inform investment decisions, it is not a foolproof strategy and does not guarantee success. Market conditions can change rapidly and unpredictably, and it is ultimately up to the individual investor to make informed decisions based on their own risk tolerance and investment goals.

I encourage you to stay informed and keep up to date with the latest market developments, and always approach investment with a level head and a disciplined approach. Remember, the key to successful investing is not just about making profits, but also about managing risk and preserving capital over the long term.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.