SymTri on XBTUSD
Updated
Pretty standard analysis but should be noted yet that it is not technically a fully formed triangle quite yet as it has only one real touch on the bottom. If price breaches ~12300 or ~9500 after the formation, either a long or short could be considered a safe play especially when you consider how many are watching this pattern like a hawk. Watch out for traps!
Note
updated targets at $6550 and $15000 by starting at 10.07 peak instead of 25.06Note
Entered short at 9449 but not fully convinced that the pattern won't turn into a descending triangle. The triangle didn't get a defined second touch on the bottom leaving it open to development. That said, entered a small short with a target at 6550
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