Hey figured I would post this trade. I've been watching $BTC and $ETH and both have been forming a nice symmetrical triangle for days now. Symmetrical triangles are known for being continuous patterns therefore breaks out in the direction the trend was moving. It confirmed that in this case and it broke upward. Im expecting $240 - $250 range to lock in profits. Which is the hard resistance on the 1D time frame.
I am expecting both of these to fall within a couple weeks but it needs to test the resistance of the triangle on the 1D charts. (I will have that screenshot attached)
1Day Triangle. Prices reaching for resistance ~
I am expecting both of these to fall within a couple weeks but it needs to test the resistance of the triangle on the 1D charts. (I will have that screenshot attached)
1Day Triangle. Prices reaching for resistance ~
