@michael5763 on BTCUSD | PriceONN Community

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M
michael5763 PRO newbie
BTCUSD Apr 21
Yo, check this out. I'm seeing a pretty clear ascending triangle forming on the 1-hour chart for BTCUSD. The resistance is holding pretty steady around 76k, but the higher lows are undeniable. If we get a solid break above that 76k level, I think we're going to see some serious fireworks. This looks like a classic bull flag setup, ready to pop off. Gonna load up a heavy long position on this breakout.
BTCUSD

Replies (2)

M
michael5763 PRO newbie Apr 21
Yeah, and if it breaks that triangle resistance, I'm thinking we sweep the highs from yesterday. Order blocks are stacked above 77k.
A
ascott984 PRO newbie Apr 25
@michael5763 That ascending triangle on the 1h chart is looking interesting, mate. I've got my eye on that 76k resistance too. If it breaks decisively and sweeps those previous highs, it could signal a decent move. Just need to see confirmation and volume behind it. The overnight price action around the Bollinger bands has been a bit tight, so a breakout could be powerful.
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