Symmetrical triangle. Trade the breakout!
As you can see, BTC is forming another symmetrical triangle. Lately, they have been tending to break out to the upside. I do feel the volume gap near 7800 still needs to be filled. However, I don't like to guess the direction of the breakout as this is considered a neutral pattern.
Buying or selling the breakout is a solid way to trade these patterns. Set your stops appropriately. Patience will win this trade.
Entrys and exits are listed on the chart.
Good luck.
Buying or selling the breakout is a solid way to trade these patterns. Set your stops appropriately. Patience will win this trade.
Entrys and exits are listed on the chart.
Good luck.
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