As you can see, BTC is in an ascending triangle, and it appears from the fractal on the 1h chart that it will fail to reach the resistance line, indicating we might expect it to fall through support. There are a few ways to play this. The most obvious two are waiting for the price to leave the pattern and going long if it breaks to the upside and down if it breaks to the downside. Another way would be to wait for a break out of the pattern, wait for a re-test of either the resistance line (if it break upward) or the support line (if it breaks downward) and then play it to the corresponding direction. Another route would be to short within the pattern and count on a break of support. I may try this last one within the next hour or two, but not right now. If you have any questions about SL or TP or anything else, you can PM me.
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