BTCUSD (8h): Rising triangle. Fast chart for in-between ;-)

Rising triangle (trend following pattern) ... More Up possible.

Rest on the chart.

The rising triangle can be seen as good trend-following pattern. If it is confirmed, usually further upward trend movements could be expected.


Let's see what happens. Happy trading. :-)

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break out of the the triangle.

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symmetrical triangle pattern possible too. the expecting support points shown at the chart.

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close up of the current situation. because btc remains at the resistance for a while, this shows us strength and consolidation.

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be watchful. we are coming to the first strong resistance and selling zone.

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resistance reached ...

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be careful. correction will come. max. 5800.