Bitcoin
BTCUSD
seemingly broke out of the symmetrical triangle that has been forming for the past few weeks this morning. There is still plenty of day left for the volume to increase and add conviction to his downward breakout and expect a fierce fall, but in the case that it doesn't I could see this turning into a bear trap and breaking back up through the lower support. Letting this ride and seeing where the weekly close takes us.
That's just my opinion so trade safely.
~Chloster
BTCUSD
seemingly broke out of the symmetrical triangle that has been forming for the past few weeks this morning. There is still plenty of day left for the volume to increase and add conviction to his downward breakout and expect a fierce fall, but in the case that it doesn't I could see this turning into a bear trap and breaking back up through the lower support. Letting this ride and seeing where the weekly close takes us. That's just my opinion so trade safely.
~Chloster
Cheers,
-Chloster