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Bitcoin / TetherUS
Long

Asymmetrical Triangle (Neutral) or AB=CD (Bullish) for BTC?

57
BTCUSDT has formed bullish divergence on Daily TF and continues its upward momentum. BTC has also formed two trading patterns:
1. Asymmentrical Triangle: This neutral pattern can break out in either direction
2. Bullish AB=CD: This continuation pattern on the weekly tf coupled with bullish divergence on daily tf indicates imminent continuation of the bullish trend.

Buy stop order on break of LH could be a good trading idea!
Tempo_Trades
AB=CDBTCUSDbtcusdanalysisbtcusdlongBTCUSDTbtcusdtradeFibonacciTriangle

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AB=CDBTCUSDbtcusdanalysisbtcusdlongBTCUSDTbtcusdtradeFibonacciTriangle
Tempo_Trades

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.