@WSmith58 on BTCUSD | PriceONN Community

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WSmith58
WSmith58 PRO newbie
BTCUSD Mar 25
This whole BTCUSD chart is starting to look like a giant symmetrical triangle pattern on the daily. The price is getting squeezed tighter and tighter between these converging trendlines. It's a classic setup, usually means a big breakout is coming eventually. Just gotta wait for that decisive push either way. Could be volatile when it breaks. 🚀 or 📉?
BTCUSD

Replies (1)

WSmith58
WSmith58 PRO newbie Mar 25
Yeah, that triangle on the daily for BTCUSD is pretty obvious. Thing is, these patterns don't always play out as textbook. Sometimes they just keep grinding sideways forever until everyone forgets about them. Or worse, they break the wrong way and then reverse hard. Gotta be careful not to get caught in that false breakout trap. Watching the volume closely too. 👀
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