Breakout incoming or bull trap?
Lots of green being printed today.
Before getting excited and taking long positions I would caution to wait a bit longer.
BTC looks like its breaking out bullish from this pennant but it could be a trap.
I'd wait for a retest of the upper resistance line before taking long positions.
Will try and make an update on the daily chart to compare.
Before getting excited and taking long positions I would caution to wait a bit longer.
BTC looks like its breaking out bullish from this pennant but it could be a trap.
I'd wait for a retest of the upper resistance line before taking long positions.
Will try and make an update on the daily chart to compare.
Related publications
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.
Related publications
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.