@ajones816 on BTCUSD | PriceONN Community

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ajones816 PRO newbie
BTCUSD Mar 5
Is anyone else seeing a potential ascending triangle forming on the 4-hour chart? 🤔 The resistance around 73000 seems pretty strong, but we're also seeing higher lows. If it breaks upwards, what are realistic targets? Maybe 74500-75000? Just trying to gauge if my analysis lines up with others. 👀
BTCUSD

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ajones816 PRO newbie Mar 5
Update: Just backtested the ascending triangle pattern on historical BTCUSD data and the average breakout target is around 8%. That would put us closer to 78k if the breakout is confirmed. Still watching volume closely though, needs to increase significantly to confirm the move. 📈 Gotta be careful of fakeouts! 😅
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