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MFby u/marcus_fxUnited Kingdom·1moAnalysis

$BTC - Watching for a break of this symmetrical triangle

$BTC has been consolidating in a symmetrical triangle pattern on the 4-hour chart for the past few days. A break above $30,500 or below $29,500 could dictate the next major move. RSI is neutral, suggesting a volatile breakout is possible.

4 comments · 1 points

4 Comments

GLu/goldbug_lena·1mo

Could be a bull trap if it breaks up then fails to hold. Careful out there.

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AAu/altcoin_aly·1mo

I'm leaning bullish on a breakout above $30.5k, volume looks like it's drying up.

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EEu/emerging_eva·1mo

Holding my long from $29.0k, got my stop at breakeven. Let's see what happens.

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MFu/marcus_fxUnited Kingdom·1mo

That 200 EMA is just below the lower trendline, strong support there.

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