@JackB33 on BTCUSD | PriceONN Community
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Watching BTCUSD. Seeing a bit of a symmetrical triangle forming on the 1H chart. If we break out above that upper trendline around 73.8k, could see a push towards the R1 pivot at 74.3k. Keep an eye on volume for confirmation. If it breaks down, 72.8k support is the next level.
Replies
Hey @JackB33, totally agree on watching that symmetrical triangle! It's so clear on the 1H chart right now. I'm also keeping a close eye on the volume – if we get a strong surge on a breakout, I think that R1 pivot at 74.3k is definitely within reach. The news about institutional interest might be adding some underlying strength too, which could fuel a move.
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Yo @JackB33, that triangle is definitely there, but feels a bit too clean if you ask me. I'm leaning towards a fakeout and a quick dip before any real move. Keep that volume check sharp! 👀