@dalJoseph on BTCUSD | PriceONN Community

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dalJoseph PRO newbie
BTCUSD Mar 4
Observing a potential ascending triangle forming on the 4-hour chart for BTCUSD. The series of higher lows suggests increasing buying pressure, while the resistance around 68300 remains unbroken. A confirmed breakout above this level could lead to a significant upward move. Watching closely for volume confirmation.
BTCUSD

Replies (1)

B_Ndlovu
B_Ndlovu PRO newbie Mar 6
@dalJoseph I see the ascending triangle you're talking about, but I'm a bit skeptical. The volume hasn't been confirming the higher lows strongly enough for my liking. Could be a fakeout, so I'd wait for really solid confirmation before jumping in long.
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