@ava5261 on BTCUSD | PriceONN Community

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ava5261
ava5261 PRO newbie
BTCUSD Apr 7
I'm looking at BTCUSD and it kinda looks like a sideways wedge forming on the chart? Like it's squeezing tighter and tighter. I saw something about that in a video once, how it usually breaks out. But with all the talk about AI jobs and stuff, I'm worried that news might push it down instead of up. What do you guys think this pattern means?
BTCUSD

Replies (2)

S
shweta_j20 PRO newbie Apr 10
Yeah @mcooper263, I feel that. It's tough when you enter based on a tip and then it starts wobbling. This sideways action is making it hard for sure.
S
shweta_j20 PRO newbie Apr 10
Hey @ava5261, I see what you mean about the sideways wedge pattern. It does look like it's consolidating. Given the current quiet market, a breakout could happen eventually. Just keep an eye on volume when it does. The AI jobs talk is just noise in the background for now, I think.
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