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BTC/USD at present - Key moment coming up soon!

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BTC/USD again at a key junction in the coming hours.

Clear Triangle formation which is actually sitting towards the bottom of a larger parallel channel if you zoom out.

I currently see it sitting towards the bottom of the triangle looking to escape down soon although be ready for an upwards quick breakout towards 10.5K

Bulls seem to have a habit right now of turning on the pump switches.

Personally, I think we'll get a quick burst upwards followed by a dump.

Currently I'm short but watching close to manually close my positions if I feel the pump is on and then I'll re-enter at a higher point.

Trade Smart, Trade Safe!
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Clear break down of the triangle as almost expected...

What's next?

Well have to wait a little longer to see but the EMA 10 support has now fell through so it's building a more bearish picture at present.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.