@lily5437 - BTCUSD | PriceONN Topluluk
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I've been staring at the BTCUSD 1-hour chart for the last couple of hours, and I'm seeing a potential ascending triangle pattern forming. The price has been consolidating between roughly 73300 and 73700, with the upper boundary acting as resistance and a rising trendline forming the lower boundary. The RSI is hovering around 58, which is neutral, but the SMAs are all pointing upwards, suggesting underlying strength.
Does anyone else see this pattern developing? I'm considering a long entry if we get a confirmed breakout above the 74000 mark, with a tight stop loss just below the trendline. The recent news about regulatory clarity in the US might provide the catalyst for such a breakout. What are your thoughts on this setup?
Does anyone else see this pattern developing? I'm considering a long entry if we get a confirmed breakout above the 74000 mark, with a tight stop loss just below the trendline. The recent news about regulatory clarity in the US might provide the catalyst for such a breakout. What are your thoughts on this setup?