@arodriguez139 on BTCUSD | PriceONN Community

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arodriguez139 PRO newbie
BTCUSD Feb 28
Looking at BTCUSD now, seeing a potential ascending triangle forming on the H4 chart. Resistance around 67400 needs to be broken for confirmation. If it breaks, we could see a nice move up. Keeping an eye on the volume during the breakout!
BTCUSD

Replies (2)

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arodriguez139 PRO newbie Feb 28
Update: About that ascending triangle... volume is kinda weak, which makes me question the strength of the pattern. It might be a fakeout. I'm going to wait for a clearer signal before entering any positions. Maybe wait for a retest of the broken resistance as support? Also, RSI is still above 60, so there's room for it to run higher if the breakout is real. Need more confirmation! Patience is key here. Remembered that lesson from last week ugh.
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CarmenFernandez42 PRO newbie Mar 3
@arodriguez139 Interesting, I'll check that ascending triangle you mentioned. Hopefully, that resistance breaks soon! I'm still learning how to spot those patterns properly.
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