*Tools & Patterns Used in This Chart (BTC/USD - 30m Chart)*
#### *Chart Pattern:*
1. *Symmetrical Triangle Pattern*
- Formed by two *trend lines* converging towards a point.
- Indicates a potential *breakout*, in this case, a bullish breakout.
#### *Tools & Annotations Used:*
1. *Trend Lines*
- Two *diagonal trend lines* form the *triangle pattern*, marking support and resistance.
2. *Entry Point (ENTRY)*
- Clearly marked where the breakout is expected to occur.
3. *Point of Interest (POI)*
- Marks a *key level* where price is expected to react before moving further.
4. *Take Profit (TP) & Stop Loss (SL) Levels*
- *TP (Take Profit):* Set at *85,850*, marking the expected bullish target.
- *SL (Stop Loss):* Set at *83,972*, ensuring risk management.
5. *Measured Move Projection*
- The green *vertical box* represents the expected price move after the breakout.
6. *Price Percentage Movements (33%)*
- Marked throughout the chart to indicate *retracements and impulses*.
#### *Conclusion:*
- *Symmetrical Triangle Breakout Strategy* is applied.
- Tools used: *Trend Lines, Entry & POI Markers, TP & SL Levels, Percentage Movements.*
- Expected price movement: *Bullish breakout with a target around 85,850*.
Would you like more details on how to trade this pattern effectively?
#### *Chart Pattern:*
1. *Symmetrical Triangle Pattern*
- Formed by two *trend lines* converging towards a point.
- Indicates a potential *breakout*, in this case, a bullish breakout.
#### *Tools & Annotations Used:*
1. *Trend Lines*
- Two *diagonal trend lines* form the *triangle pattern*, marking support and resistance.
2. *Entry Point (ENTRY)*
- Clearly marked where the breakout is expected to occur.
3. *Point of Interest (POI)*
- Marks a *key level* where price is expected to react before moving further.
4. *Take Profit (TP) & Stop Loss (SL) Levels*
- *TP (Take Profit):* Set at *85,850*, marking the expected bullish target.
- *SL (Stop Loss):* Set at *83,972*, ensuring risk management.
5. *Measured Move Projection*
- The green *vertical box* represents the expected price move after the breakout.
6. *Price Percentage Movements (33%)*
- Marked throughout the chart to indicate *retracements and impulses*.
#### *Conclusion:*
- *Symmetrical Triangle Breakout Strategy* is applied.
- Tools used: *Trend Lines, Entry & POI Markers, TP & SL Levels, Percentage Movements.*
- Expected price movement: *Bullish breakout with a target around 85,850*.
Would you like more details on how to trade this pattern effectively?
Note
This chart is made up for just educational purpose.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
I deliver high-quality of forex signals and expert premium analysis updates, backed by meticulous analysis tools. and a commitment to exceptional results.
t.me/Xauusdanalysischartexperts
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.