BTCUSD - Symmetrical Triangle

I keep my plans simple. Chart patterns are my most reliable trading strategy. I consult the pattern first, then look at other indicators to see if they support my opinion of which direction it will breakout. In bitcoin's case, average volume is slowly decreasing. This is typical of patterns as price action narrows and consolidates. "The calm before the storm." Eventually, the market will decide a direction and breakout. Ideally, with large volume to confirm the move.

If the price goes down, I will place buy orders near the bottom of the symmetrical triangle. As price action develops, I will update this chart to show my buy target prices.

If the price goes up, I will buy when the upper boundary line is breached. My first target would be resistance at 11.7k.

Note: The blue arrows I plotted are just randomly placed along the boundary lines to show where I would buy. They are not where I think the price will touch.