$BTC Pink Symmetrical Triangle


Ok, here we can see price is closing in on close this pink symmetrical triangles end of consolidation.
Symmetrical triangles are a fifty-fifty pattern. However through experience they seem to break downwards more often than up.
Also the 1min 200MA has now failed to breakout above the 1min 200MA here once already.
Something to note.
Remember trading is all about knowing the possibilities.
More importantly the probabilities.
Price action below 1-min 200MA is bearish in near-term.
You can use it as an entry and exit strategy as well.
Just be aware of the higher timeframes!
NFA, DYOR ⚠️
#Crypto #Trading #BTC
BTC-1,62%
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