BTCUSD 1D IS IN A CONTINUATION TRIANGLE PATTERN

Follow the highlights listed on the chart
This is a Bank Holiday weekend
Volume & Volatility are dropping
Candle bar size is shrinking reducing ATR
All of this is causing price to consolidate
Price created a continuation triangle chart pattern which has a bullish bias
Price failed to make a bullish breakout close
Wait for a candle close on a triangle trendline breakout either direction
Watch volume to confirm momentum

Kommentera:

Looks like Bullish Continuation breakout trade

Kommentera:

Watch retracement for entry or re-entry