Updated
BTS/BTC - Symmetrical triangle
- Possible symmetrical triangle forming?
- StochRSI indicates BTS is oversold
- Cup and handle recently formed on daily, indicating upward movement
Symmetrical triangle is a continuation pattern, we will have to wait for a breakout on either side before deciding to move in.
- StochRSI indicates BTS is oversold
- Cup and handle recently formed on daily, indicating upward movement
Symmetrical triangle is a continuation pattern, we will have to wait for a breakout on either side before deciding to move in.
Note
It really wants to break the upside, but the sell orders around 150 sats are strong.We need to destroy this sell wall in order to break out properly. I would say a candle close @ 155 sats would confirm a breakout to the upside.
Note
We broke 150 sats like expected and even hit 158 sats.I think we can consider this an upward breakout.
Might push towards 165 somewhere the coming evening.
T1: 170 sats
T2: 220 sats
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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.