BTCUSD has now completed a 5 wave impulse sequence, followed by an ABCDE correction within a symmetrical triangle.We should breakout from this triangle soon, but prepare to go short if it rejects.
Note
We are now about 73% of the way into the triangle. On average, symmetrical triangles break 73%-75% of the way into the triangle, with a 54% chance of upside and 46% chance of downside.
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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.