Bitcoin Analysis and Trading Idea

[bitman007]

Hello Friends , hope crypto life going great in learning daily , i am here with some important Bitcoin updation that may help in trading . 

We can see BTC inside a symmetrical triangle and price has been stuck within the 6530 - 6660(BINANCE) range for days.

We will expect a breakout/breakdown from this pattern soon to enable us know which direction price wants to move.

Noticing the volume bar on the daily, it has shown decreasing volume in both sellers and buyers but on the 4H and 1H chart we have also noticed a decrease in the sell offs which could mean that the Bears are getting weak..
For now though, we take no positions and wait for breakout/breakdown of symmetrical triangle. Last 4 hours BTC was in $10 range! It is not offering us any potential trade

This chart wll give much clear live information : look at it : and try to learn something : )

Thanks 

Good Luck

 

[williamshennie9]

So, it would basically be a complete gamble at this point to enter into a trade, because we do not know which direction the price will breakout into? Am I understanding correct?