Additional Breakout of BTCUSD? Soon to come.

3 Mar

The BTC/USD chart displays a symmetrical triangle pattern that is close to its peak, suggesting that a breakout is likely as the price action becomes tighter and market pressure mounts. The PPA/Dtrendmeter indicator points to a current buying trend, but it's essential to watch for a clear breakout signal.
Once it happens, because of the built-up tension from the period of uncertainty within the triangle, the resulting price move could be substantial!
So, keep an eye out and be prepared, as an opportunity might arise here!

Note: Don't forget to be ready if things goes wrong.
Note: Bars are colored by PPA.