I draw a small uptrend.
Bitcoin is now consolidating
and approaching the decision making moment. If the triangle breakouts with a huge volume, then it will be a valid breakout and bring us to the 11500 level. If the triangle breakdowns with a huge volume, then btc may retest $7500 supports. A breakout/ breakdown without a volume is not valid which means it is not a good opportunity to trade.
Bitcoin is now consolidating
and approaching the decision making moment. If the triangle breakouts with a huge volume, then it will be a valid breakout and bring us to the 11500 level. If the triangle breakdowns with a huge volume, then btc may retest $7500 supports. A breakout/ breakdown without a volume is not valid which means it is not a good opportunity to trade.
Trade active
Trade closed manually
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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.