This is my analysis for BTC/USD in the 4hr time frame. I have 2 possible scenario that more likely explode soon in my analysis for BTC/USD. We have symmetrical triangle formation and the best way to trade these formations are to wait for a breakout doesn't matter upward or downwards. After a breakout we always see small correction after a short rally and then we see longer rally just after the correction and the lines I draw exactly refers to what I explained now. From my point of view, I'd definitely expect to see a uptrend drawn by green since we already had uptrend before the triangle formation occurred.
I expect to see a bullish trend just after a breakout and keep in mind that we will definitely have corrections on the way of bullish trend .
Again please also keep in mind that, best time to open a position is just after a breakout. If we see a breakout upwards then the trend will more likely be bullish , and if it breakouts downwards, then the trend will more likely be bullish .
Tip ! : This is not an investment advice. This analysis is prepared for educational purposes only and individuals should make their own research to trade !!!