$BTC Symmetrical Triangle Breakout in a few minutes! LONG/SHORT
Updated
Symmetrical Triangle inside Descending Wedge. Breakout within the next 15 minutes!
Bearish signs:
- Downtrend: Below 1h and 4h EMA ribbons
Bullish signs:
- Descending Broadening Wedge
- RSI about to break at 36 at 1h time frame
- The further the wedge gets from the EMA ribbons the more likely a breakout will be to the upside
This is my third published idea. You're very welcome to give me feedback. I'm seeking enough reputation to be able to access the chat.
Bearish signs:
- Downtrend: Below 1h and 4h EMA ribbons
Bullish signs:
- Descending Broadening Wedge
- RSI about to break at 36 at 1h time frame
- The further the wedge gets from the EMA ribbons the more likely a breakout will be to the upside
This is my third published idea. You're very welcome to give me feedback. I'm seeking enough reputation to be able to access the chat.
Note
It broke the triangle to the upside. Continued to break the wedge to the upside. Bounced on the wedge as support and continued up. Congrats to anyone taking this trade :-)
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