BTC/USD: Breaking Out of the Triangle and Moving Towards High Volatility Zone 🚀
🔍 In this video, we'll examine the recent movements of BTC against the dollar. As you may know, BTC has recently broken out of a large triangular pattern, moving towards a zone of increased volatility.
🐉 Interesting point: Over the weekend, the "Dragon" pattern threw me off a bit, stretching more than I had anticipated. However, it ultimately completed its movement in line with my initial assumptions.
📉 Yes, I did try to open short positions and incurred minor losses, but they were successfully offset.
🎯 Atlant's tip was spot-on: we reached the 27,777 zone, corresponding to 1.27% on the Fibonacci scale, and I was able to close the trade with +450% profit.
Thursday, October 19, 2023 - Speech by the head of the Fed, Mr. Powell
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