BTCUSD Symmetrical Triangle Possible Breakout Trade Opportunity
Updated
BTCUSD on the daily char is forming a symmetrical triangle and is close to breakout. Upside target of 51500$ and downside around 22500$.
Wait for confirmation on high volume breakout with at least and hourly or 4hourly confirmation candle above the current resistance and support lines.
Trade with care and only what you can afford to lose. Nothing is 100% in life, ever.
The daily MACD has also turned bullish after a long downtrend. Crossed bullish 3 days ago and been on bullish movement upwards since.
Just sharing an observation.
Good luck!
Wait for confirmation on high volume breakout with at least and hourly or 4hourly confirmation candle above the current resistance and support lines.
Trade with care and only what you can afford to lose. Nothing is 100% in life, ever.
The daily MACD has also turned bullish after a long downtrend. Crossed bullish 3 days ago and been on bullish movement upwards since.
Just sharing an observation.
Good luck!
Note
Updated according to latest rejection:
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