Breakout coming on on BTCUSD

After offering multiple sell opportunities, the BTCUSD pair is now consolidating on the 60m timeframe.
Similarly, the RSI Exhaustion at the bottom is consolidating as well.

Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).

Remember to stay patient and always look for confirmation from the indicators!

ความคิดเห็น:

It ultimately broke down offering a great sell opportunity.
SL just above the most recent high.
TP at the consolidation's low.
Overall, 2.49x profit.