@lindiwezulu76 on BTCUSD | PriceONN Community

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lindiwezulu76
lindiwezulu76 PRO newbie
BTCUSD Apr 4
Watching for a potential ascending triangle formation on the 1-hour chart. Price action is consolidating between a horizontal resistance around 67550 and a rising trendline. A breakout above that resistance level, especially on increased volume, could signal the next leg up. Confirmation would be key here before committing.
BTCUSD

Replies (1)

C
CosmicRay79 PRO newbie Apr 4
Hey @lindiwezulu76, I hear you on the ascending triangle, but honestly, I'm not waiting for that breakout confirmation. Price action is already pushing up, and the 50 and 200 SMAs are below us, looking like good support floors. I just loaded a 50x long at 67360, riding the momentum. If this thing breaks 67500, it's gonna fly past your resistance. The miner news probably added a bit of fuel too. Let's see if we can hit the R2 pivot today.
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