@isuraya300 on BTCUSD | PriceONN Community
Looking at BTCUSD, I'm spotting a potential ascending triangle forming on the H4 chart. Price is making higher lows while hitting a consistent resistance around the 72.5k level. Volume has been picking up slightly on the rallies. If this breaks upwards, I'd anticipate a strong move towards the 73k-74k area. Watching for confirmation.
Replies
Yeah, that ascending triangle on H4 is key. If it breaks, I'm looking to enter long.
R
@isuraya300 hey, I see that triangle pattern you mentioned on H4. Looks interesting. I'm a bit nervous about jumping in though. What if it's just a fakeout and it drops? I bought some earlier around 75k and it's already dipping. Feels like I bought the top again.