Long

BTCUSD - possible ascending triangle on the 1H chart?

Updated

Hello,

This might have a bullish outcome.

Sleep well!

Sisif

Note

Looks like it's forming some sort of flag on the 4h chart. Still not entered the trade because price failed to maintain over 7150. It's Friday, so we can expect also a "Friday dump" from the market movers. I'm not in a rush, I'll just wait for the confirmations needed.

Note

1h chart - Price moving inside an ascending channel.

Note

The possibly bigger picture. Although BTC can revisit any time the 6.7k area for testing the trendline, I remain bullish as long as the price doesn't fall beneath 6.6k. If you are in a trade, trade this cautiously.

Sisif_trader

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