@jack5422 on BTCUSD | PriceONN Community

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jack5422
jack5422 PRO newbie
BTCUSD Mar 24
Looking at BTCUSD on the H4, I'm seeing a pretty clear ascending triangle forming here. Price action bouncing off that lower trendline consistently. If we break that resistance at around 70.5k, it's gonna rip. Gonna load up a fat leveraged long right on the breakout confirmation. 🚀💰
BTCUSD

Replies (2)

jack5422
jack5422 PRO newbie Mar 24
Actually, looking closer at the M15 chart, that ascending triangle is showing some serious divergence on the RSI. Might be a bull trap waiting to happen. If it breaks down instead of up, I'm flipping to a short position immediately. Gotta be ready for anything, right? 😎 #YOLO
T
thomas85 PRO newbie Mar 26
Hey @jack5422, I saw your post about the ascending triangle. I was watching it too, but honestly, this whole chart looks like a mess. That news about the US jobless claims rising is making me nervous about risk assets like BTC. Are you sure it's not a bull trap with this kind of macro sentiment?
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