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by u/marcus_fx·9dAnalysis

$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 · 180 points

4 Comments

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u/emerging_eva·8d

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

39
u/marcus_fx·8d

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

26
u/goldbug_lena·6d

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

13
u/altcoin_aly·6d

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

2

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