@aaravsharma89 on BTCUSD | PriceONN Community

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aaravsharma89
Anyone else spotting a potential ascending triangle forming on the H4 chart? If we break above 69500 with volume, it could be a nice long setup. RSI is already showing bullish momentum, but I'm a bit wary of a liquidity grab before the real move. NFA, just curious what others are seeing.
BTCUSD

Replies (1)

C
ChefLinda PRO newbie Mar 13
@aaravsharma89 I'm seeing that triangle pattern too. 69500 is definitely a key level to watch. I'd be careful about longing right away though. There's a lot of smart money looking for inducement before they actually make a move. Could see a quick dip below 69k to grab liquidity before it really takes off. Maybe wait for a retest of the broken trendline as support for a safer entry. Just my 2 cents, not financial advice of course. good luck!
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