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Bitcoin BTCUSD Symmetrical Triangle Pattern is in play
Bitcoin BTCUSD Symmetrical Triangle Pattern is in play
Description:
Pattern /Reason: Symmetrical Triangle Pattern
Time Frame: H4 Chart
Accuracy of the Pattern: 83%
Setup No: BTUS081001
Recommended Lot: 0.10 at 10K
Trade Period: Medium Term
Active/Pending: Activated at 11500
Trade: Short
Entry: 11500
Stop Loss: 12000
TP1: 11150 / Reached
TP2: 10500 / Reached
TP3:10100/ Reached
Update: As seen on the below chart, a bullish Crab Pattern is emerging. We move our Take Profit level to 9600. We will buy at 9600.
TP 3: 9600 / Reached
Update: Bullish Crab is active. Trade Setup:
Trade: Long
Entry: 9600
Stop: 9200
TP1: 10100 / Reached
TP2:10700
TP2:11200
Update: As seen on the below chart, BTCUSD tested 10600 fractal. If the price breaks above 10700, it is likely to complete the bearish Bat Pattern at D. The setup of the pattern is:
Trade: Short
Entry: 11250-11350
Stop: 11.550
TP1: 10.800
TP2: 10.300
VERIFIED ACCOUNT AND SETUP RESULTS
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
Bitcoin BTCUSD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
